P_S_trade

DYDX investing trade. Target +105%

Long
P_S_trade Updated   
BINANCE:DYDXUSDT.P   DYDX / TetherUS PERPETUAL CONTRACT
Hello, everyone!

What do you think of Bitcoin's crazy growth? Unfortunately, this is often followed by a sharp reversal. However, how can other cryptocurrencies react to this drop?

Let's take the example of #DYDX.

If we look at DYDX in a pair with BTC, the price has reached the bottom of the global consolidation:


The global chart shows that since September 2022, the 0.000058 range has been the main support for buyers.

There is a good chance that the start of a local drop in BTC or the stopping of the BTC price in consolidation will trigger the growth of altcoins. In this case, DYDX is a great investment option.

The price of DYDXUSDT has made a bright wave of growth with a final target of $4.4 and is now completing its correction.

DYDX buy zone for investment trading is $2.5-2.78

The critical point of this investment is $2.12. Below this level, we will look for a way to buy DYDX and break even.

What do you think about altcoins and their chance for a good wave of growth? Write your thoughts in the comments!

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