DYDX - Long into Short

9 במאי 2023

So, as expected in the previous idea (see linked ideas), I think we're approaching to a reaction zone to offer a decent bounce for a lower high. Although the technicals are there for it, be aware that it's not the "most probable set-up" kind of trade because there are good reasons for buyers to step in at lower prices. The target is also unclear due to the nature of the structure, but I'll give it a shot and eat the loss if i get stopped.

12 במאי 2023

עסקה פעילה

My first buy order hit at 1.916. Not a big fan of the initial bounce so far but will see..

16 במאי 2023

הערה

Long up 18%, moved stop loss in profit. My confidence for the idea has increased and I think the target will get hit in a choppy behaviour.

If I'm wrong and we break the low of May 10, I'll need to watch the ltf PA but for now i'm not interested in buying it.

19 במאי 2023

הערה

Ok, not a bad reaction at the end. Took another short from the weekly high to protect my longs but this is what I'm looking at right now:

31 במאי 2023

הערה

I closed this trade at yesterday's high due to the bear div. Both green boxes gave good reaction (20% and 10%), I'm more interested to buy the LL at this point.