In the meantime, let's break down the actual chart at ✖️DYDX.
💡dYdX is a decentralized exchange (DEX) based on Ethereum's StarkWare Layer-2 (Layer-2) system and was launched in 2019. The platform allows users to exchange cryptocurrencies (spot and margin trading), earn rewards, and provide lending and borrowing services. The exchange combines decentralized and centralized (like a ledger) components.
→ Exchange website: dydx.exchange
📈Currently, the price has dropped back to the main support zone of 1.85-2$ - an upward reversal is a priority. A break of the local downtrend with consolidation above 2.1$ will confirm the reversal.
→ Our next upside target is 2.5$+📍
Main objective: cross the IMB at 2.928$🧲 and return to 3$+.
⏺The project is strong, so a Different view sees great potential in DYDX and a great opportunity for a pick 🧠 BUT we can't completely exclude the possibility of a final pullback with the aim of taking out stops below support (below 1.85$).
p.s. Add the necessary amount of 🔥 in the previous post and let's continue the training.
