🤔DYDX-USDT🤔
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
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DYDXUSDT
We've lost a key neckline support and until we can close ABOVE this zone again, I'd say the price is still bearish for the short term:
Against BTC, I'm a little worried - no sign of strength here as the price stayed behind with the recent BTC ATH:
To be honest, if the price drops lower than this trendline, I'll lose all hope on this coin:
Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering DYDX as a diversified part of your portfolio considering it has not been able to come even close to previous highs - demonstrating that there is an overwhelming amount of sellers vs buyers.
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DYDXUSDT
