$DYDX short remains in control as sellers continue to defend the breakdown structure 📉
The short thesis is still playing out in line with expectations. Price action remains directional, with downside momentum intact and no meaningful evidence yet of a trend reversal. Volume profile suggests the market is still digesting supply on the way lower, while any intraday recovery has so far looked more like passive relief than genuine demand absorption. For traders already positioned, the move into profit creates room to reduce exposure risk without disrupting the underlying setup.
What the market may be underestimating is the quality of the supply overhead. Once a level breaks and fails to reclaim, institutional flow tends to favor continuation rather than immediate mean reversion. Retail often focuses on the size of the red candle; the more important signal is whether buy-side liquidity can actually absorb repeated sell pressure. At the moment, that absorption is not convincing. Unless price reclaims lost structure with authority, the path of least resistance remains lower.
Risk disclosure: This is for informational purposes only and not financial advice. Markets are volatile, and all trades carry risk.
#DYDX #CryptoTrading #MarketStructure #Altcoins
