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Still holding my KAITO-USD short on @dYdX, and this is one of the longest swing trades I've held on dYdX.
Seeing the direction the Chart is going, it's only a matter of time we hit a price below $1.2 per Kaito, I expect there to be a lot of buying actions once that is achieved, I personally would be scooping the dip too, as I've been monitoring Kaito at $2.3 (1000 sKaito - $2,300) , at current prices (1000 sKaito would be ~ $1,200) as usual NFA.
This is one of the importance of knowing technical analysis, asides being a dYdX perps trader and degen, it helps you position in the overall crypto ecosystem, you see trends earlier and position before the crowd gets in.
Because let's face facts, tokens fuel and run the crypto ecosystem, understanding how they move, why they move, and when they move, is going to be a plus in the long run.
Learn technical analysis, do it can be easier for you to also trade on dYdX, earn $DYDX trading rewards and stack juicy surge points.
Also seeing there are so many people in the dYdX ecosystem, that don't know much about technical analysis, it's high time someone developed a technical analysis course, and who better than me. I've posted many entry level trades that reached their profit target, of which many people can attain to. This would be my way of giving back to the dYdX community, for the constant support.
Also since dYdX have so many technical analysis tool integrated into their dapp, this would make it a lot easier, but Note: the technical analysis tools are only available on their Web Version.
gdYdX 🦔
Big yaps, big rewards.
The dYdX Yapper Leaderboard is now live on @KaitoAI!
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