Dymension / USDT
Long
Updated

#DYM Dymension's Falling Wedge

44
#DYM

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.

We have a bounce from the lower boundary of the descending channel. This support is at 0.2130.

We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.

There is a major support area in green at 0.2100, 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: 0.2220
First target: 0.2276
Second target: 0.2340
Third target: 0.2427

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: 0.2276 Reached
Second target: 0.2340 Reached
Third target: 0.2427 Reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.