$DYDX is not “cheap” yet. It’s weak.
Down 9.19% in 24h, with the last 4h down 8.8%, and price is still under the 20d and 50d MAs. The contrarian part: shorts are paying funding at -0.004% while volume is only 0.8x its 20d average.
That matters. 🩸
I’m not calling a bottom, but I’d rather fade the crowded short bias than compare this to $SOL strength. Near $0.10, I’d wait for a reclaim before touching it. No hero entries. ⚠️
#DYDX #Altcoin
Down 9.19% in 24h, with the last 4h down 8.8%, and price is still under the 20d and 50d MAs. The contrarian part: shorts are paying funding at -0.004% while volume is only 0.8x its 20d average.
That matters. 🩸
I’m not calling a bottom, but I’d rather fade the crowded short bias than compare this to $SOL strength. Near $0.10, I’d wait for a reclaim before touching it. No hero entries. ⚠️
#DYDX #Altcoin