DYM has broken above the triangle, after the pullback it will continue to go up
🔵Entry Zone 5.999 - 6.156
🔴SL 5.644
🟢TP1 6.849
🟢TP2 7.468
🟢TP3 8.061
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4h time frame
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DYM broke the downtrend line with a double bottom structure. Currently, DYM is retesting the neckline of this double bottom, this support works well so far. Furthermore, there are two ways to set up targets, the first one is set from double bottom, that is 7.5, the second one could be estimated through Fibonacci Extension, which is around...
DYMUSDT Technical analysis update
DYM has formed a double top pattern and the price has broken below the neckline. This could indicate a potential downward trend.
Short level: Below 7.25
StopLoss: 8.45
Target and Buy Level: $5.00
Regards
Hexa
I expect a correction on DYM, so i am taking a small risk and i will try to ride a possible pullback. I am targeting main support zone at 6.3, invalidation above 8.5. I can also see a break of main trendline as confirmation of possible pullback with a bearish divergence
