$DYDX #DYDX 📉
Direction: SHORT
Entry zone: 0.0898 to 0.0908
Stop loss: 0.0925
Target 1: 0.0880
Target 2: 0.0860
dYdX is trading near 0.0901 dollars, down 1.63 percent in 24 hours, inside a range of 0.087234 to 0.093028 dollars, and the recent closes show it drifting near the low, 0.089172, then 0.089444, then 0.089624, then 0.090091, then 0.090051. 🔴 My reading is that DYDX is pinned near its range low, because five closes stuck around 0.09 dollars with no real bounce tells you buyers are waiting lower, and the whole market is bleeding while Bitcoin dominance sits near 59.4 percent. A short from the current zone, with a stop above 0.0925, targets 0.0880 first and then 0.0860 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does DYDX break 0.0880 today, or reclaim 0.0925 first? 🤔
Follow for more trades.
#dYdX #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.0898 to 0.0908
Stop loss: 0.0925
Target 1: 0.0880
Target 2: 0.0860
dYdX is trading near 0.0901 dollars, down 1.63 percent in 24 hours, inside a range of 0.087234 to 0.093028 dollars, and the recent closes show it drifting near the low, 0.089172, then 0.089444, then 0.089624, then 0.090091, then 0.090051. 🔴 My reading is that DYDX is pinned near its range low, because five closes stuck around 0.09 dollars with no real bounce tells you buyers are waiting lower, and the whole market is bleeding while Bitcoin dominance sits near 59.4 percent. A short from the current zone, with a stop above 0.0925, targets 0.0880 first and then 0.0860 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does DYDX break 0.0880 today, or reclaim 0.0925 first? 🤔
Follow for more trades.
#dYdX #Crypto #FuturesTrading #TradingSignals
