Thoughts on #Dydx
So we are approaching the weekly trend for the second time.
At the beginning of July, we already tested its breakdown level, but went up.
Now it looks like good support, but the trend itself is weak at the moment and the breakdown, as well as consolidation on the weekly timeframe, opens the way for us to two goals:
1. 0.575 🎯
2. 0.258 🎯
Another reason is that the key minimum is at 1.005, on which the entire trend rests, all 3 approaches to the trend ended at this price, there is a lot of liquidity and long stops under it that need to be collected and fixed.
Green briefcases for everyone)
