$DYDX
⬇️ 4.1% Dump & 4.6x Volume Spike on $DYDX , panic or opportunity?
- I expect DYDXUSDT to continue its bearish move in the short term, with 0.12873 as the next likely target if sellers remain aggressive.
- If you’re considering a short, the best setup is to wait for a weak bounce into the 0.14979–0.15496 region and enter only if there’s a clear rejection or bearish formation on the 5m/15m (for example, a lower high, pin bar, or bearish engulfing pattern). Confirmation is critical to avoid getting caught in a snapback rally.
- Take profit can be aimed for 0.12873, and if that breaks with momentum, look for further extension toward 0.11055.
- Stop-loss should be above the swing high of your entry candle or above the next key resistance level.
- If price breaks and holds above 0.15496 with strong buying volume and closes above this area on the 15m, I would shift bias to neutral and watch for a potential reversal toward 0.16578 or higher, especially if there’s evidence of absorption and reclaimed FVGs.
- This isn’t likely the ultimate bottom yet; high volume and strong selling pressure usually need to be followed by a base-building or a clear absorption phase before reversal. Chasing shorts deep in the move can be risky, so only enter on clear bounce rejections.
📝 This is not investment advice, only an educational analysis. The current momentum still favors downside, but always wait for proper confirmations and use strict risk management, especially after such high volatility events!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#DYDX
⬇️ 4.1% Dump & 4.6x Volume Spike on $DYDX , panic or opportunity?
- I expect DYDXUSDT to continue its bearish move in the short term, with 0.12873 as the next likely target if sellers remain aggressive.
- If you’re considering a short, the best setup is to wait for a weak bounce into the 0.14979–0.15496 region and enter only if there’s a clear rejection or bearish formation on the 5m/15m (for example, a lower high, pin bar, or bearish engulfing pattern). Confirmation is critical to avoid getting caught in a snapback rally.
- Take profit can be aimed for 0.12873, and if that breaks with momentum, look for further extension toward 0.11055.
- Stop-loss should be above the swing high of your entry candle or above the next key resistance level.
- If price breaks and holds above 0.15496 with strong buying volume and closes above this area on the 15m, I would shift bias to neutral and watch for a potential reversal toward 0.16578 or higher, especially if there’s evidence of absorption and reclaimed FVGs.
- This isn’t likely the ultimate bottom yet; high volume and strong selling pressure usually need to be followed by a base-building or a clear absorption phase before reversal. Chasing shorts deep in the move can be risky, so only enter on clear bounce rejections.
📝 This is not investment advice, only an educational analysis. The current momentum still favors downside, but always wait for proper confirmations and use strict risk management, especially after such high volatility events!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#DYDX