Dymension / USDT
Long
Updated

#DYM Dymension's Falling Wedge

85
#DYM

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bounce from the lower boundary of the descending channel. This support is at 2180.

We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.

There is a major support area in green at 0.2160, which represents a strong basis for the upside.

Don't forget a simple thing: ease and capital.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

We have a trend to hold above the 100 Moving Average.

Entry price: 0.2240
First target: 0.2296
Second target: 0.2374
Third target: 0.2462

Don't forget a simple thing: ease and capital.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.
Trade closed: target reached
snapshot
#DYM
First target: 0.2296 Reached
Second target: 0.2374 Reached
Third target: 0.2462 Reached

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