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DYDXUSDT Perpetual Contract

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DYDXUSDT.P trade ideas

DYDXUSDT is gearing up for a bullish ride! 🚀💎 Paradisers, #DYDX has absorbed liquidity from the supportive trendline of the ascending channel, which increases the probability of a bullish move from here. 💎 It's also showing a Break of Structure (BOS) towards a bullish market structure and hasn't closed below the demand and Bullish Order Block (OB) zone, which demonstrates the strength of the bulls. 💎 If #DYDXUSDT breaks out of the resistive trendline, we can expect a bullish move to the next resistance levels. 💎 By taking liquidity from trendline traders, #DYDX has removed weak-handed traders, which could indicate it's ready for a more substantial move. However, before making entries, ensure confirmation from price action. 💎 If the price breaks down below the demand and bullish OB zone, it will invalidate the bullish signals. In that case, it would be wise to wait for better price action to develop.
by MyCryptoParadise_Nathan
DYDX Bulls on the Move! 🐂 Keep an Eye on the Breakout 📈💎 DYDX is currently displaying a bullish market structure and forming a cup and handle pattern, which suggests an increased likelihood of a bullish move. 💎If DYDXUSDT breaks above the resistance area, we can anticipate a bullish movement towards the next resistance level. In the event of a pullback, we can anticipate a bounce from the bullish OB. Confirmation of this bounce would be provided by bullish candlestick patterns. 💎However, if the price breaks down below both the bullish OB and the demand area, it would signify a shift to a bearish market structure. In such a scenario, it would be prudent to refrain from trading DYDX until clearer price action forms.
by MyCryptoParadise_Nathan
DYDXUSDT Long Setup: Targeting Key LevelsWe're examining the DYDXUSDT pair for a potential long position, guided by technical analysis on the daily chart. The price action has settled into a consolidation pattern, making a strong base around the 2.979 entry point. This area has acted as a springboard, sending price action upwards with increasing momentum, as indicated by the recent green candles. The Relative Strength Index (RSI) is currently at 60.59, which is neither overbought nor oversold, suggesting that there is room for upward movement before the market becomes overheated. This is supported by the RSI Divergence Indicator, which is not showing any signs of bearish divergence at this point, implying that the current bullish momentum has the potential to continue. Our first profit target (TP1) is set at 3.420, which is in line with previous resistance levels that could now serve as a new support in the uptrend. The second profit target (TP2) is at 3.984, just below the significant psychological level of 4.0 and aligns with prior peaks where the price has shown considerable reactions in the past. For risk management, a stop loss would be wisely placed below the recent consolidation zone to protect against any unexpected downturns. This strategic placement allows for normal price fluctuations without being stopped out prematurely. In essence, this trade idea is built on the premise of a strong support base, continuous bullish momentum, and the absence of overbought conditions, presenting a compelling case for a long position on DYDXUSDT.
Long
by Zerotic_
DYDX/USDT 500% Potential From HereDYDX/USDT Chart Overview The chart signals a bullish trend with a potential breakout in the green box zone. If you missed it, don't worry – I'm eyeing every significant dip for potential buy opportunities. On the higher time frames (HTF), there's a promising Bull Flag formation. Things could get super bullish if we witness a breakout above the flag's resistance. Long Term Target: $20 Entry Zone: $2.30-$2.90 Key Levels: Resistance Levels: $6.77 / $9.3 / $12.3 / $15.3 / $18.60 / $30 Support Level: $2.30 Here's the strategy: Target: Long-term resistance equals our ambitious target of $20. Entry: Looking to Accumulate in the range of $2.30-$2.90.
Long
by CryptoPatel
DYDX/USDT Chart Analysis: Bearish Setup with Potential Downside💎 Paradisers, cast your eyes on DYDX/USDT. The daily chart reveals an 'M' pattern emerging within the supply zone, amplifying the chances of a bearish shift. Adding to this, the supportive trendline has been breached. 💎 For a clearer bearish confirmation, watch out for a descent below the 1.915 demand level. If this occur, we might be looking at potential descents to 1.763 and perhaps even 1.506. However, for those with a bullish perspective, a climb above the 2.274 supply zone would be the signal to watch. 💎Stay sharp and chart-smart, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
Technical Analysis: DYDX/USDT - Token Unlock in progress? When analyzing the DYDX/USDT chart, it becomes evident that the token is currently positioned at a robust resistance level, accompanied by an increasing selling pressure. For traders considering selling positions, the recommended selling area for DYDX/USDT is within the range of 2.200-2.250. This range presents an opportunity to capitalize on the ongoing consolidation and potential downward movement in the market. Traders should closely monitor price action to identify optimal selling opportunities within this range. Based on our analysis, we anticipate the price of DYDX/USDT to decline towards the range of 1.700-1.800. This potential downside provides traders with a target range for profit-taking. However, it is important to remain alert to a potential breakout scenario. If the price breaks out above the 2.200-2.250 range, it could indicate a shift in market dynamics. In such a scenario, we might witness a move upwards towards the range of 2.700-2.800. Traders should carefully evaluate the market conditions and consider adjusting their trading strategy accordingly. By incorporating these technical indicators and employing a well-defined trading strategy, traders can make informed decisions within the DYDX/USDT market. Stay updated with price movements and market developments to optimize your trading outcomes.
Short
by Un_trade
DYDX Short but not right now... 2 fractional sells near the main downtrend line of this symmetrical triangle, in yellow. The safest order is the stop limit where the trigger price on the white line opens the trigger for sales on the red lines. The exit at the bottom of the symmetrical triangle, bullish trend line, is also in yellow. You can have a 1 exit in 1 to 1 or in the volume areas where my suggestions for exits are and then place the operation at breakeven. Not a financial advice.
Short
by Chemintrader
DYDX Coin Ascending TriangledYdX (DYDX) is displaying signs of a potential bullish trend, indicating a possible long position opportunity for traders. The cryptocurrency has been consolidating in a narrow range for a while, with price action forming a double bottom patttern. A breakout from this pattern has can be seen soon, with strong volume indicating a high likelihood of continuation of the uptrend. dYdX is a decentralized exchange (DEX) that enables users to trade cryptocurrencies on the Ethereum blockchain, with features such as margin trading and lending. With the growth in popularity of decentralized exchanges, dYdX could see an increase in demand, which could drive up the value of the DYDX token. In terms of support levels, are holding firm, providing a potential entry point for traders looking to go long on DYDX. As always, it's important to manage risk and monitor market conditions closely.
Long
by kanhaguptaa