Technical analysis by TV288 about Symbol DYDX: Buy recommendation (8/9/2024)

Technically DYDX has been trading within this range for over two years now, so basically going sideways. But given the size of the range it still is very much tradeable if you know the key levels, which are obviously the range highs/lows and the mid-range levels. Now DYDX has done these deviations before, as I have highlighted in the chart, this time it seems to have deviated the lows of the range for the first time. If this weekly candle closes green, there is a high chance we see a push towards 2$ coming weeks, as this would likely confirm a deviation (stop hunt).I really don't know if this coin will ever start trending again but I don't think so. Anyway, still a decent long setup with defined risk-reward nonetheless.Stay safe!