🥷🏻 $DYDX - Long
I believe $DYDX $DYDX leeping giant. The DeFi sector is bound to pick up momentum in this all-season, and my favorite pick for today is $DYDX. I attempted to trade a long breakout on March 6th, but it seems there were too many buyers at that time, and the price didn't move higher. Now, many overleveraged longs have likely been forced to close, and we're holding just above the Point of Control (POC) at an attractive buying level from a Risk: Reward perspective.
Stop-Loss: 2.675
Take Profit 1: 3.913
Take Profit 2: 6.902
👀 If we surpass and hold above the first Take Profit zone, the next target is 6.902. I entered this trade with $22,000, and a potential loss of 13% of this amount wouldn't significantly impact my overall balance according to my risk management strategy. Trade according to your own risk management and always do your own research.
