🚨 $DYDX Update
I'm expecting a short-term pullback, which could create a great short opportunity around $0.1920–$0.2050.
Right now, a lot of traders are FOMO buying just below a key resistance level. That often gives the market a chance to sweep liquidity before making its next move.
That said, the bigger picture still looks promising. On the daily timeframe, $DYDX is attempting to break a major trendline, which could signal a bullish move in the mid-term.
If you're planning to scalp the pullback, make sure to manage your risk and use a trailing stop-loss to help lock in profits. 🔥
Always trade with a plan and do your own research.
Click here for Trade #DYDX
I'm expecting a short-term pullback, which could create a great short opportunity around $0.1920–$0.2050.
Right now, a lot of traders are FOMO buying just below a key resistance level. That often gives the market a chance to sweep liquidity before making its next move.
That said, the bigger picture still looks promising. On the daily timeframe, $DYDX is attempting to break a major trendline, which could signal a bullish move in the mid-term.
If you're planning to scalp the pullback, make sure to manage your risk and use a trailing stop-loss to help lock in profits. 🔥
Always trade with a plan and do your own research.
Click here for Trade #DYDX