DYDX 04.05

May 4, 2023

The most difficult situation is the same as everywhere else: the price continues to move sideways, the reaction to support is weak (the trading volume has not increased much, the delta is falling - there are no purchases, the order books are empty), they have already rebounded from the resistance (MA50, MA100, MA200 12h). You can take a position in Short when retesting resistance (if the market gives such an opportunity) or at a breakdown of support. I expect the resumption of purchases at the levels of $2.2 and $1.8.