๐DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move.
โ The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price.
๐The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile.
๐For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels.
๐One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin.
๐ฅThe RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards.
๐ง ๐ผThis is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
โ The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price.
๐The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile.
๐For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels.
๐One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin.
๐ฅThe RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards.
๐ง ๐ผThis is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.