#DYDX is a governance token for the second-layer protocol of the eponymous non-custodial decentralized (DEX) cryptocurrency exchange, dYdX (https://dydx.exchange/). The exchange itself is interesting because it features an order book. In simple terms, the exchange is like a bridge that combines Centralized Exchange (CEX) and Decentralized Exchange (DEX) at the same time. As for the development of the exchange itself, news about it and the investors are only increasing. After all, it is from DEX exchanges that coin listings of major projects emerge.
So, let’s consider the accumulation zone. I’ll say right away, I know many will talk about triangles, breakouts, levels, that we’re in a bull market, etc. But colleagues, let’s not forget about the structure of #BTC. If it is indeed turned around from the range of $50,500 – $53,300, then look at the reaction of the #altcoins now, which negatively responds to the slightest movement in the price of Bitcoin downwards. Accordingly — according to my strategy, I’m interested in the asset for accumulation. I do not plan to open by market and I do not recommend you do either.
I am very interested in the accumulation zone of $2.015 – $1.666, at which I place my limit orders to buy in #long. In this range, we have: —Significant liquidity of heat maps. —0.5 value of the sideways range. —The break zone and the volumes of STOP orders of long traders with leverage of x3-x5. —A markup to the asset in breaking the level without capturing liquidity. — The middle of the Range of the local (primary accumulation) in the zone of trading a triple bottom (3DP).
Pay close attention to the trading chart, observing the risks, and wait for the filling of pending orders in the range of $2.015 – $1.666. I assure you, it will be better than succumbing to FOMO now and then getting liquidated along with the majority.