Technical analysis by TheSignalyst about Symbol DYDX: Buy recommendation (2/7/2024)

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.📈 DYDX has been overall bullish, trading within the rising channel in blue.Currently, DYDX is undergoing a correction phase and it is currently approaching the lower blue trendline.Moreover, it is retesting a strong support zone marked in green.🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.📚 As per my trading style:As #DYDX approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)📚 Always follow your trading plan regarding entry, risk management, and trade management.Good luck!All Strategies Are Good; If Managed Properly!~Rich