$DYDX/USDT 1h (Binance Futures) Descending channel breakout

Par TradingOn
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dYdX is starting to show reversal signs and has formed a symmetrical triangle, let's long here!
More information about that new DeFi governance token on dydx.community

Current Price= 12.438
Buy Entry = 12.248 - 11.832
Take Profit= 13.226 | 14.066 | 14.961
Stop Loss= 11.088

Risk/Reward= 1:1.25 | 1:2.13 | 1:3.07
Expected Profit= +19.70% | +33.66% | +48.52%
Possible Loss= -15.82%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 5 days
Transaction en cours
TP1 would have been reached with up to +22.30% (2x)

dYdX bounced nicely, unfortunately we missed entry by 0.134$, too bad.
Now consolidating above 50MA, looks good for bullish continuation!

snapshot
Trade fermée: cible de profit atteinte
TP2 would have been reached with up to +32.78% (2x)

dYdX continued the recovery, I hope you caught last dip, road to last target now!

snapshot
Transaction en cours
Both entries filled

dYdX retraced down almost stopping us out, let's see how that ends...

snapshot
Trade fermée: cible de profit atteinte
TP3 reached with +48.52% (2x) and +3.07R

dYdX achieved all targets and even more with up to +180.38% (2x) from average entry, what a killer move!

snapshot
DEFIdydxTrend Analysis
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