dydxsquare

$DYDX JUST TRAPPED THE WHOLE MARKET?
$DYDX just printed one of the craziest 4H candles today.
Price exploded from the 0.14 zone and touched 0.2080 before a sharp rejection hit the market.

Now here’s the interesting part. The chart still looks bullish overall because MA7 is still far above MA25 & MA99 also the Strong momentum entered with huge breakout candles. And The Buyers defended the dip quickly after the rejection.Order book is nearly balanced, meaning a violent next move is possible.

But traders should NOT ignore these warning signs. RSI cooled down fast after touching overheated levels. Huge wick at 0.2080 shows strong seller pressure. Late longs could get liquidated if support breaks.

Key zone now:
Support: 0.165 - 0.168
Resistance: 0.208
If bulls hold this support, $DYDX could attempt another breakout wave. If support fails, expect panic selling from overleveraged longs.

Right now this is no longer a “safe entry” zone.
This is a high-volatility battlefield.

What are your thoughts????

#DYDX #DYDX/USDT #digitalfalcon #BinanceSquare #dydxsquare