DYDX - UPDATE

27 jun 2022

Hello, traders. Dydx is in correction after 60% grow from all time low. Based on BTC condition we can see retracement to 1.3$ or even lover. Yesterday BTC was hammered around 21800$ which is not good sign at the moment. If we will not manage today to go higher there will be correction to lower 19800$ at least. This will pull down all the alts as well. To be honest I have a short position at DYDX from 1.55$ and waiting what will happen. The market condition is really bad right now. We are seeing another rising wedge pattern which is bearish scenario for BTC. If this will end in the same way like it was around 30k we will go down probably to 16k or even lower. This is not trading advice. Take care.