DYDX SHORT SETUP: CLEAN REJECTION AT 0.13260 RESISTANCE ๐ฅ
Entry: 0.13260 โ 0.13300 ๐ฅ
Target: 0.13100 โ 0.12980 โ 0.12810 ๐
Stop Loss: 0.13520 โ ๏ธ
DYDX is rejecting from the 0.13260โ0.13300 zone with clear bearish structure on both the 4H and daily timeframes. The daily trend remains bearish, and price is respecting this supply cluster for the third time this week.
On the 15m chart, RSI sits at 55 with room to drop, and volume confirms real selling pressure โ only 262K traded against an expected 731K, meaning sellers are absorbing demand. The first target offers a 1:0.8 R:R, with further extension to 1:2.0 if momentum holds.
Are you adding to this short or waiting for another retest to confirm rejection?
Not financial advice. Always manage your risk.
#DYDY #ShortSetup #Rejection #Crypto ๐ฅ