Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_DYDX
Exchange: BINANCE
Timeframe: 3 DAY
TP1: 3.181
Entry: 2.223
STOP: 1.656
After a quick delay over the weekend the public testnet should be going live today (now) with more markets being added and reward tokens being earned through trading activity. Key features which should bring volume. The run up to the testnet pushed price over key moving averages 20, 50 and 200 and gave us a break on the RVD which is a signal we love on higher timeframes.
There has also been a delay on the unlocking of some vested tokens that were distributed to staff and investors. Thats been pushed back to December 1st so I'll exit the position late November if we haven't reached target (could also see a bit of a run up in price prior to help 'maximise' returns.
In terms of entryI'll take an initial holding now and look to DCA if we falter at the upper trendline pictured. In terms of exits use the Fib levels if you want to take profit incrementally.
Market has been flat so this could be a slow burn, Let me know what you think!
Market: Spot
Risk: 0.25% - 1%
#USDT_DYDX
Exchange: BINANCE
Timeframe: 3 DAY
TP1: 3.181
Entry: 2.223
STOP: 1.656
After a quick delay over the weekend the public testnet should be going live today (now) with more markets being added and reward tokens being earned through trading activity. Key features which should bring volume. The run up to the testnet pushed price over key moving averages 20, 50 and 200 and gave us a break on the RVD which is a signal we love on higher timeframes.
There has also been a delay on the unlocking of some vested tokens that were distributed to staff and investors. Thats been pushed back to December 1st so I'll exit the position late November if we haven't reached target (could also see a bit of a run up in price prior to help 'maximise' returns.
In terms of entryI'll take an initial holding now and look to DCA if we falter at the upper trendline pictured. In terms of exits use the Fib levels if you want to take profit incrementally.
Market has been flat so this could be a slow burn, Let me know what you think!