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$DYDX just did something I really wasn't expecting today.
We’ve been sideways for so long that most people stopped looking, but this 21% pump out of nowhere just cleared multiple resistance levels in one go. We’re sitting at 0.127 now, hitting a high we haven't seen in weeks.
The volume is definitely backing this move, which is usually a sign that this isn't just a random wick. However, we are getting very close to the 0.130 psychological level. If you look at the chart, we just sliced through the previous consolidation zone around 0.100 like it was nothing.
I’m watching to see if we get a small cool down to retest 0.115 as new support. That would be the healthiest scenario for anyone looking to enter. If it just keeps flying, I’d be careful about chasing here.
Price action is king and right now it's screaming bullish, but let's see where the daily candle actually settles.
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