Like some other DEX (Decentralized Exchange) cryptos, DYDX had made a 125% jump from its ATL at $1 on 18/06. A very nice performance which indicates that DYDX is a very intesting symbol to keep an eye on.
However, at this time DYDX is showing some weakness. A bearish divergence and an Evening Doji Star candle are being formed (in 12H TF). As a consequence, a double top will be formed as well.
For these reasons, a short setup is proposed as in chart.
However, at this time DYDX is showing some weakness. A bearish divergence and an Evening Doji Star candle are being formed (in 12H TF). As a consequence, a double top will be formed as well.
For these reasons, a short setup is proposed as in chart.
- Enter when the current candle finishes in red
- Invalidation is when there is a 12H candle closing above $2.15
- Targets are the blue lines and Stoploss is the red one.
評論:
DYDX is moving as expected (while BTC is being rejected by its MA 200W)
評論:
TP1 $1.959 hit (+5% profit)
交易結束：達到停損點:
SL hit for this trade.
Crypto and stock markets has strongly bounced.
Crypto and stock markets has strongly bounced.
