Quick update on dYdX

Going off what prices told us in the past, DYDX is approaching a key support/resistance level around $3.20.

Daily candlestick closing in the $3.20 area will be an important indicator of where DyDX is headed. Closing below increases the odds of further downside while closing above signals upside potential.

Key takeaways are:

1. Current market prints signal willingness for more upside.
2. We're in "buy the dip" mode unless market sentiment shifts.
3. $3.20 is a chance to get good entry before the next move-up.

In conclusion, we will continue watching $3.20 for long setups and won’t recommend shorting DyDX.

More info in the video!