$DYDX
📈 Massive Buy-Side Volume on $DYDX at 3.8x
- With this level of volume and a strong price surge, the most likely scenario is a brief retracement followed by a continuation upwards ✈️
- I expect price to pull back into the 0.14422–0.14296 or 0.13793 bullish imbalance area, then look for signs of buyer defense (pin bar, bullish engulfing, or strong rejection wick on 5m/15m)
- If confirmed, take a long entry around 0.14300–0.14400, with first target at 0.15070, and extended target at 0.16766
- Confirmation to look for: bullish reversal candle (pin bar/engulfing), high buy volume on pullback, or a strong lower wick on the 5m chart
- Trade invalidation: a strong close below 0.13755 — if this occurs, wait for new structure to form before re-entering
- If price instead breaks directly above 0.15070 with strong momentum and volume, consider a breakout scalp toward 0.16766 — but only if the candle closes above resistance with high volume and no wicks of rejection
📝 This is not investment advice, but an educational analysis. Be patient, wait for confirmation, and never blindly chase spikes — let price come to you and watch for smart money signatures before acting!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#DYDX
📈 Massive Buy-Side Volume on $DYDX at 3.8x
- With this level of volume and a strong price surge, the most likely scenario is a brief retracement followed by a continuation upwards ✈️
- I expect price to pull back into the 0.14422–0.14296 or 0.13793 bullish imbalance area, then look for signs of buyer defense (pin bar, bullish engulfing, or strong rejection wick on 5m/15m)
- If confirmed, take a long entry around 0.14300–0.14400, with first target at 0.15070, and extended target at 0.16766
- Confirmation to look for: bullish reversal candle (pin bar/engulfing), high buy volume on pullback, or a strong lower wick on the 5m chart
- Trade invalidation: a strong close below 0.13755 — if this occurs, wait for new structure to form before re-entering
- If price instead breaks directly above 0.15070 with strong momentum and volume, consider a breakout scalp toward 0.16766 — but only if the candle closes above resistance with high volume and no wicks of rejection
📝 This is not investment advice, but an educational analysis. Be patient, wait for confirmation, and never blindly chase spikes — let price come to you and watch for smart money signatures before acting!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#DYDX