#DYDX HAS BEEN TRADING BELOW ITS MAJOR SUPPORT OF 2022-2024: WHAT'S NEXT?
If you're looking for an in-depth analysis of DYDX, then, you're in the right place.
Here's why.
We're closely monitoring this key level of DYDX where most of the traders have doubts in entering its current market situation. This token has experienced severe decline from the breakdown that it has experienced from the major support at 1.1355. Since the neckline for this major support was broken. It was then, confirmed to be a breakdown and not some shakeout. Although, in our perspective. We can see this as a better opportunity for us, buyers. Since this key level is where it will most likely accumulate more strength to pursue the next phase of its accumulation which would be its rally. Hence, with this new level, it could become its pivotal point to reclaim the higher levels.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
