📢 $DYDX / $USDT | 🔴 SHORT | ⭐ 68.2%
🎯 Goal: $0.1049. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.1079
🛑 Stop Loss: $0.1097
🏁 TP1: $0.1049
🏁 TP2: $0.1043
🏁 TP3: $0.1031
📉 Analysis:
The structure of $DYDX shows a bearish alignment across all timeframes, with an ADX of 27.33 confirming a developing bearish trend. Price is trading below the 20- and 50-period EMAs (moving averages that smooth price to identify the trend), while the bear flag pattern reinforces the continuation of selling pressure below the POC (Point of Control, the level with the highest traded volume) located at $0.117145.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price surpasses the Stop Loss at $0.1097, a level that would negate the current bearish structure. It’s essential to monitor the sustained break of support at $0.107667 to confirm the acceleration of the bearish momentum toward the targets set.
Do you think the current volume is enough to break through the immediate support?
💡 This analysis is for educational purposes only and not financial advice. Do your own research and decide calmly.
#crypto #DYDX #trading #Futures #Bearish
🎯 Goal: $0.1049. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.1079
🛑 Stop Loss: $0.1097
🏁 TP1: $0.1049
🏁 TP2: $0.1043
🏁 TP3: $0.1031
📉 Analysis:
The structure of $DYDX shows a bearish alignment across all timeframes, with an ADX of 27.33 confirming a developing bearish trend. Price is trading below the 20- and 50-period EMAs (moving averages that smooth price to identify the trend), while the bear flag pattern reinforces the continuation of selling pressure below the POC (Point of Control, the level with the highest traded volume) located at $0.117145.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price surpasses the Stop Loss at $0.1097, a level that would negate the current bearish structure. It’s essential to monitor the sustained break of support at $0.107667 to confirm the acceleration of the bearish momentum toward the targets set.
Do you think the current volume is enough to break through the immediate support?
💡 This analysis is for educational purposes only and not financial advice. Do your own research and decide calmly.
#crypto #DYDX #trading #Futures #Bearish
