$DYDX - price analysis:
The price is moving into this 200 days downtrend channel📉 [daily]
The main trend is bearish, and I guess that there was a problem with a bad token economics?? 👀
Zooming on the H4 view, the price got rejected exactly at the 50% fib resistance at 1.150$! ⚠️
That was a beautiful rising wedge to be shorted!
The current price is holding on the 1.040$ support zone, but I think that it will continue to dump to retest the magnet support zone around 1.00$ 📉❗️
The 1.00$ level should also act as god buy zone! 🔔
Keep an eye on the $1,150 resistance level!
If the bulls manage to break through, a big breakout could be on the way!
I don't recommend long-term buying below!
Find a possible setup in my charts #DYOR
