Christmas chart analysis + trade setup gift 🎁🎄
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Coin Pair : $DYDX
Analysis✍️ :
A bullish pennant formation typically occurs after a strong upward price movement, followed by a consolidation phase.
In the case of DYDX, you would observe a symmetrical triangle pattern resembling a small flag, where the price consolidates within converging trendlines.
The pennant is characterized by decreasing trading volumes during this consolidation.
Traders often anticipate a continuation of the previous uptrend when the price breaks out above the upper trendline of the pennant.
This breakout is seen as a bullish signal, potentially leading to further upward movement in the DYDX pair.
🎁Trade setup:
- Trade Type: Long 📈
- Leverage: Isolated 8.0X
Entry Orders:
✅ 3.051
Take-Profit Orders:
🎯 3.115 - 10.0%
🎯 3.155 - 10.0%
🎯 3.202 - 10.0%
🎯 3.276 - 70.0%
Stop-loss Orders:
🚨 2.941
We post 2-6 daily trades with an average ROI of 70%. Proof on our profile 👉👉
