DYDX swing trade setup

30 nov. 2022

DYDXUSDT

Local Swing Trade setup before FED hike rate in 14 Dec



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Possible Targets and explanation idea
➡️Local fib since top Higher High and double bottom on Weekly timeframe
➡️Correction to 0.78 level (there under this level people add stop losses) 1.60$ there we got signal to buy on TradeOn indicator
➡️We can keep this impulse and test 0.38 lvl to 2.12$ and trade in upper part of downside channel
➡️Than we can grab liquidity at 0.86 lvl and bounced from this level around 7-10 December before FED decision
➡️Or earlier going out of channel after break out 0.5 lvl
➡️Middle term target 5-6$ for DYDX still relevant

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