"CFX/USDT Long Setup: Bullish Breakout from Falling Wedge Patter

16. Dez. 2023

Trade Setup for #DYDX/USDT: Long Position


Analysis:


DYDX has broken out of a falling wedge pattern, indicating a potential upward trend.
The current price (CMP) serves as the entry point.
The breakout is being retested, suggesting a potential confirmation of the bullish move.

Entry Point: Current Market Price (CMP)
Additional Positions: Consider adding more if the price drops to $2.870

Targets:
$3.4
$3.9
$4.35
$5.2
$5,8
Stop Loss (SL):
Set the Stop Loss at $2.825 to limit potential losses.
Leverage:

Use leverage cautiously: 5x to 10x.

DYOR

16. Dez. 2023

Anmerkung

Sorry for the error, guys It's #DYDX, not CFX

18. Dez. 2023

Trade geschlossen: Stop wurde erreicht