🟢 +4.1% Bull Run Alert on $DYDX , what's next?
- After a fast +4.1% pump and huge volume, there's a high likelihood of a pullback or sideways movement as early longs take profit and late buyers get trapped.
- Jumping into a long **right now** could be risky unless you see a proper liquidity sweep and reversal confirmation around 0.18588-0.18990.
- My expectation is that price will first test support/demand at 0.18990 or slightly lower at 0.18588. If it finds buyers and prints a bullish reversal pattern (such as a strong bullish pin bar or market structure shift on lower timeframes), you could consider a long entry targeting 0.20011, 0.20555, with further extension possible toward 0.21978.
- Place stops below the swing low of the reversal candle or the most recent liquidity sweep to minimize risk.
- If price reclaims and holds above 0.20058 with strong bullish momentum and volume, the move could extend toward 0.21978-0.23000, but only trade the breakout if you see a clean retest and continuation.
- If price gets rejected near 0.20011-0.20058 and you spot bearish reversal signals (like a bearish engulfing, M-top, or lower high), a short scalp could play out toward 0.18990 or 0.18588 support.
- Confirm all entries with a clear reversal or trend continuation structure — don’t chase green candles!