Decentralized exchanges are very promising to become a new hype in the upcoming bullrun, with dYdX emerging as a compelling focal point for both traders and investors.
It's been 1 year and a half that dYdX has been trading in the range from $1-$2.7. It's likely that it will continue to be for many months.
In my opinion, good opportunities to accumulate dYdX may come the next weeks/months. As depicted in chart, I expect that prices will be in the second yellow area (2) with a possibility that they will deviate from the current range.
Any bag holder here? What do you thing about the future of DEXs and dYdX?
--------Info about dYdX--------------
dYdX is a decentralized exchange (DEX) built on the Ethereum blockchain, primarily focused on derivatives trading and lending. It enables users to trade a variety of cryptocurrency-based financial products, including perpetual contracts, spot trading, and lending.
It's been 1 year and a half that dYdX has been trading in the range from $1-$2.7. It's likely that it will continue to be for many months.
In my opinion, good opportunities to accumulate dYdX may come the next weeks/months. As depicted in chart, I expect that prices will be in the second yellow area (2) with a possibility that they will deviate from the current range.
Any bag holder here? What do you thing about the future of DEXs and dYdX?
--------Info about dYdX--------------
dYdX is a decentralized exchange (DEX) built on the Ethereum blockchain, primarily focused on derivatives trading and lending. It enables users to trade a variety of cryptocurrency-based financial products, including perpetual contracts, spot trading, and lending.
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Here is my proposed swing SHORT:
