【$DYDX Signal】Pullback to buy! 1H pullback confirmation, 4H trendline support for rebound

$DYDX After experiencing a sharp rise yesterday, the 1H timeframe is undergoing a healthy correction. Currently, the price precisely retests the key EMA20 (0.0961) on the 4H chart and the rising trendline support zone. The 1H RSI (57.41) has fallen from the overbought zone, gathering strength for another rally. Market depth data shows substantial buy-side volume (bid_ask_ratio_depth: 1.28), with a large order of 662K at 0.10 providing support below, making it difficult for the bears to break through all at once. Open interest remains stable, and the price decline has not triggered panic selling, indicating clear main force support.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.100 - 0.101 ( Reason: 4H EMA20 support zone and 1H candlestick stabilization area )

🛑 Stop-loss: 0.098 ( Reason: Break below 4H EMA20 and previous 1H low, structure breakdown )

🚀 Target 1: 0.106 ( Reason: Yesterday’s high resistance, also the previous high on the 1H chart )

🚀 Target 2: 0.112 ( Reason: Previous high resistance zone on the daily chart, potential Fibonacci extension on the 4H chart )

🛡 Trading Management:

- Position suggestion: Light position ( Reason: Currently in a correction phase, need to confirm support validity )

- Execution strategy: After entering, if the price quickly rises to target 1, reduce position by 50% to lock in profits, and move the remaining stop-loss up to the entry price of 0.101. If the price fails to break 0.103 and falls back below 0.100, consider exiting early and observing.

Depth logic: The current market logic is “profit-taking after an uptrend,” not trend reversal. The volume increase on the 4H bullish candle followed by a decrease is a typical bull trap. Open interest remains stable during the correction, indicating it’s not a bear attack but profit-taking by bulls. Funding rate is only 0.01%, with no overheating risk. The 1H EMA50 (0.0969) provides stronger support, forming a double insurance with the entry zone. The key is whether the price can reorganize buying strength above 0.10.

Check real-time quotes 👇 $DYDX

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