DYDX just printed a textbook blow-off top — 57% intraday surge then violent rejection.
$DYDX $0.1906 Short TP $0.1840 SL $0.1960
RSI(14) at 84.09 is critically overbought — every similar reading this quarter triggered an 8-15% correction within 48 hours.
Volume tells the real story: 17.6M DYDX dumped in the 15:00 UTC candle alone, distribution volume 3x the accumulation volume during the pump.
DYOR
$DYDX $0.1906 Short TP $0.1840 SL $0.1960
RSI(14) at 84.09 is critically overbought — every similar reading this quarter triggered an 8-15% correction within 48 hours.
Volume tells the real story: 17.6M DYDX dumped in the 15:00 UTC candle alone, distribution volume 3x the accumulation volume during the pump.
DYOR