So dYdX finally did some decent retrace, actually a perfect retrace to the 0.382 Fibonacci level. We have 4 factors to buy dYdX right now: 1- 0.382 fibonacci support level 2- lower line of this bullish bull flag 3- diagonal support line that hold us from $10 till this day 4- Oversold RSI
So it’s just a good bet to buy dYdX here Your target should be around $33 and stoploss should be at -$16
The only negative sign is the funding rate, which despite the bearishness of these past days it is still high af.