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DYM / TetherUS

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DYMUSDT trade ideas

DYM - Looking GreatI made a post a few months back before we had a breakout of "triangle #1". Now we are forming a very similar pattern "triangle #2", but on a much larger scale meaning the breakout will be much larger than the first. We see a flat line of support around the psychological $5.00 level. This is clearly being established as an important liquidity zone. We also have a descending trendline of resistance which is what has formed our triangle. Also our RSI has established a key momentum level (green line) as well as a bullish divergence (yellow line). This is represented by the same low in price with a higher low on our RSI. Therefore, this is a great accumulation zone for the future of $DYM. Although, watching these patterns play out many times before, there still might be a chance of a more optimal entry below $5. This is marked by "Potential future deviation/ liquidity" If a significant level such as the $5 liquidity level we have established is broken, it leads to many trades being stopped out and a quick collapse in price. This gives the large players the liquidity they need to fill their orders before the trend is reestablished. So just in case we see something like that, be prepared for it. Other than that, ASX:DYM looks great.
by VIAQUANT
DYM/USDT It need to bounce to continue upward movement!💎 Paradisers, #DYM has recently experienced notable market dynamics. Currently resting on the support area, #DYM requires a bounce to potentially resume its upward trajectory and retest the resistance trendline area. 💎 Previously, #DYM faced rejection at the resistance area, underscoring its significance. However, if #DYM manages to successfully break above the resistance trendline, it could signal a bullish momentum shift, paving the way for further upward movement towards our target. 💎 Conversely, if #DYM fails to bounce and breaks down below the key support level, it could indicate weakness and a bearish sentiment. In such a scenario, the price may continue to decline further.
by MyCryptoParadise
DYM has broken above the triangleDYM has broken above the triangle, after the pullback it will continue to go up 🔵Entry Zone 5.999 - 6.156 🔴SL 5.644 🟢TP1 6.849 🟢TP2 7.468 🟢TP3 8.061 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
DYM is Bullish or Bearish ?we all know DYM started with a big market cap and TIA with Small; Tia had a Big rally. We didn't see that hype around Tia around DYM too yet. I personally Staked enough for a stake drop from My Eligibility Amount. I wanna Know what to do next with my remaining DYM and I'm just sharing my vision here. So No Financial Advice. As you can see in the chart below I drew two Fibo Retracements; one from top to low and another from low to top.DYM Chart made a Descending Triangle that is bearish usually and its target is its height which goes to 1.618 of my first Fibo at 3.71. Else If the bullish trends are back and we'll make a W pattern with a double button in 5.71 then we will go for 13.86 in 2.618 of my second bullish one fibo. The Answers are in Waiting and Watch breaking down or breaking 6.79 Descending triangle then retest it. For Not being Fomo in this Buying Deep Narrative in Market you Buy here if it matches your money management strategy and make a Stop Lost in 5 area. #DYOR #NFA
by keshihrk43020
DYM/USDT in Perfect Position to Rally? 👀🚀DYM Analysis💎Paradisers, get ready as we spot an intriguing move with #DYMUSDT. It's nearing a critical support following a rejection at a formidable resistance. Maintaining momentum could highly suggest a rebound from this juncture, especially considering historical price actions where this support was respected four times, each leading to a vigorous bullish rally. 💎Currently, $Dymension exhibits a seller-dominated sentiment, marked by significant red candles indicating heavy selling pressure. Yet, we remain vigilant, biding our time to see how the price interacts with the specified support level before strategically planning our entry. 💎For the sharp-eyed trader, should the price of #DYM falter at this crucial support and descend further, our eyes will be set on a bullish resurgence from the subsequent demand zone. Given the liquidity, a strong probability exists for #DYM's rebound from this lower level, whereas dropping below could catalyze a substantial downward trend.
Long
by MyCryptoParadise_Simon