I believe in DYDX, why? Because this all-season (before or after halving) DEX (decentralized exchanges) are going to be under more attention.
right now, there are 3 scenarios in front of the traders.
in 1 & 2, the price can retest the 2- or 4-hour Bollinger midline and then retest the lower level of the pitchfork.
in 3, due to the heavy sell pressure, the price can sorely decrease below the 3.498 level. In that case, the bearish target would be $3.153.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Trade closed: target reached
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Scenario1
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If the price stabilizes below the fork, the price can drop to around $3,153.💥✌
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✍As we said before, the price is on a downtrend. Two pitchfork structures are ahead of the price, if the price breaks through the resistance zone, the bearish scenario is canceled and the bullish scenario is replaced. (If it happens, I'm going to update the analysis.)💥✌
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The specified target was achieved.✅ Next, we are now waiting for Bitcoin and the market to stabilize so that the situation calms down. Follow us for further analysis.💥✌