$DYDX UPDATE — SHORT‑TERM TRADE ALERT 🚀📉
Current Price: ~$0.1684, down ~‑4.3% in 24 h (weak sentiment but volatility alive)
Liquidity just swept down near ~0.1669 and price snapped back quickly, suggesting sellers may be losing steam and short‑term support is holding. Recovery candles & slowing selling pressure on the 1H hint at a possible momentum shift off local support.
📌 Trade Setup (Short‑Term Swing)
• Entry: 0.1675–0.1690
• Target 1: 0.1716 (near recent intraday resistance)
• Target 2: 0.1740
• Target 3: 0.1790 (24 h highs)
• Stop Loss: 0.1658 (below recent low)
🔥 Key Level Watch:
If 0.171–0.172 is reclaimed with strong volume, this would lean bullish and could unlock broader recovery action. Failure to hold above ~0.167 undermines the setup and points toward ongoing range pressure/consolidation.
🚨 Context: dYdX remains structurally volatile in the low‑price zone amid thin order books and mixed altcoin sentiment, yet the project fundamentals — including aggressive buybacks and strong derivatives volume — continue influencing token dynamics.
#TrumpCancelsEUTariffThreat #USIranMarketImpact
*(Not financial advice — trade with risk control.)*
