Today let's take a look at DYDX.
After breaking the downtrend and finding the local bottom, the instrument is in consolidation. Buyers' volumes appeared on ASK delta. In the current consolidation, there is an outflow from the exchanges, which indirectly indicates accumulation of position and conclusions for further HODL by big players.
I am looking closely at a break and go above $2.2, cancel and stop loss zone below 1.8.
This instrument may follow Uniswap as it too belongs to the same sector of DEFI and decentralized exchanges.
Always D.Y.O.R.
Stay tuned.
