DYDX bottom is in?

2024年10月13日

DYdX is currently the fifth-largest decentralized derivatives exchange by total value locked (TVL).

Since March 2024, DYdX has lost 80% of its value, with one of the potential reasons being the departure of its CEO in May 2024. However, with the CEO's return, there is potential for the company’s situation to improve.

From a technical perspective, the price is now sitting at the support trendline of a descending channel on the 2W TF. I am initiating a buy position here, with

• TP at $3.5
  
• Invalidation level at $0.73 (on weekly TF)
  

2024年10月20日

註釋

DYDX is breaking the weekly resistance
+44% since entry

2024年12月2日

交易進行

+92%

2024年12月6日

交易結束：目標達成

+167% from entry