Technical analysis by EthanTW about Symbol DYDX: Buy recommendation (12/2/2023)

DYDX target 6 12 he time frame - DYDX is creating a long-term bottom structure, and if we can mark three resistance zones through Fibonacci Extension, that are 4.8~5.1 / 5.6~6 / 6.95. Also, DYDX is breaking out a triangle structure in lower time frame, which allow us to set up a trading plan that risk to reward ratio is almos 9. TP: 4.8~5.1 / 5.6~6 / 6.95 SL: 2.7