DYDXUSDT Price Action| Swing Low| Trend| Volume

Oct 26, 2021

Evening Traders,

Today’s analysis – DYDXUSDT – trading above its current support level where a deviation to the highs is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
- Range High Resistance
- Low Volume

DYDXUSDT’s immediate price action is impulsive, holding a key level as support, allowing for a bullish bias.

The Range High is the immediate resistance, exceeding this level will lead to a trend continuation.

The current volume profile is below average, an influx is highly imminent when testing a key trade location.

Overall, in my opinion, DYDXUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember.

“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota