$DYDX - sitting on the IMPORTANT level
Hello my Fellow TraderZ,
DYDX was an absolute Beast in this leg up. Broke out of the Months long Ranging Zone. Currently can say it is retesting the Breakout.
I always beleive MAs or EMAs act as the MAGNET. So, if the level gets break it would attract the price towards an important Confluence Zone ( Daily EMA 50 & 200 + TrendLine Support + FIB Golden Ratio ).
So, can place a bid around $1.9-2.0 as I am seeing a quick bounce in that area for quick 16-25% profit. Never forget SL.
CHEERS!!!
DYDX was an absolute Beast in this leg up. Broke out of the Months long Ranging Zone. Currently can say it is retesting the Breakout.I always beleive MAs or EMAs act as the MAGNET. So, if the level gets break it would attract the price towards an important Confluence Zone ( Daily EMA 50 & 200 + TrendLine Support + FIB Golden Ratio ).
So, can place a bid around $1.9-2.0 as I am seeing a quick bounce in that area for quick 16-25% profit. Never forget SL.
CHEERS!!!
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