DYDX/USDT : Correction is must before the next leg up

DYDXUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

Our Last call on $DYDX has been got stop-hunted and today we'll enter positions based on invalidation and hold triggers only.
Currently, $DYDX has formed an ascending channel, And based on the data we have, There's a bearish divergence formed from 29th July to 1st August.

Also, it could be a good entry zone to locate Longs towards the higher bearish base, As $DYDX has formed a bullish order-block below at $2.00

So, In terms of using both scenarios;
- There's a Short opportunity to $2.20 with an invalidation as hold above $2.84.
With a local Long position with an entry zone from $2.30 to $2.10 with an invalidation as hold below $2.00.

- There's also an aggressive Long setup after getting the invalidation above $2.84 with the Same stop-loss below $2.00.
You can have your bullish run from the current market price or lower, But you have to manage the Risk/Reward Ratio too!

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Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
@Helical_Trades