More than a year later, I am once again following the DYDX market. Having dealt with this trading platform for many years, it is now at a historical low, which could just be the golden moment for strategic positioning.

At present, the price of DYDX is about to hit a new low, and it is worth noting that $0.38 is the private placement price line of many institutions. The prosperity of yesteryear is gone, and everything seems to be back to square one, as if the market performance of the past few years was just a dream. However, I still believe that DYDX has the potential to return to the high times.
Current market liquidity has dropped to a freezing point, but historical experience shows that this is often the best entry point. Building a solid market foundation takes time to accumulate, and I expect a brewing period of about 8 months.
However, I do not recommend ordinary investors to enter the market at this position. If they do not have sufficient financial strength and market operation ability, they should not compete with the main funds for chips.
Let the main funds complete the accumulation of chips first, and when the chip distribution structure is reasonable, the independent market will naturally come. From a technical point of view, once the reversal begins, the price may complete the doubling trend in a single candlestick cycle. #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars# #Gate Red Bull Racing Tour# #Gate Alpha New Listings#