【$DYDX Signal】1H breakout and retest confirmation, main force supports the market, aiming for a short-term rebound

$DYDX The 1H level is strongly oscillating above the EMA20 (0.1110), just completing a test and retest of the previous high at 0.115. The 4H level has already broken above the EMA20 (0.1070), forming a short-term upward trend, but the EMA50 (0.1092) above acts as the first resistance. The current price is consolidating around 0.112, with bid-ask depth (bid_ask_ratio_depth: 1.42) showing strong support, and open interest (OI) remains stable, indicating that the main force has not exited the market. The 1H RSI (58.6) is healthy, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1115 - 0.1125 (Reason: 1H EMA20 support zone & previous hourly candle body support)

🛑Stop Loss: 0.1095 (Reason: Break below 4H EMA20 support & previous structural low)

🚀Target 1: 0.1150 (Reason: Previous high resistance & upper boundary of dense sell orders)

🚀Target 2: 0.1180 (Reason: 4H Fibonacci retracement level of the previous downward wave at 0.618)

🛡️Trading Management:

- Position suggestion: Light position (Reason: The overall trend is still in the early rebound phase after a major downward cycle, high volatility)

- Execution strategy: After the price reaches 0.1150 (Target 1), reduce position by 50%, and move the remaining stop loss to the entry price of 0.1120 (break-even). If the price strongly breaks above 0.1150 and stabilizes, hold the remaining position towards 0.1180.

Depth logic: The order book depth imbalance reaches 17.49%, with relatively thin sell orders between 0.113-0.115, which is favorable for a quick breakout. Although the latest 1-hour buy/sell ratio is weak at 0.36, combined with steadily increasing OI and the price’s refusal to drop sharply, it appears more like a shakeout. The 4-hour candles are consecutively bullish, with buy/sell ratios exceeding 0.5 multiple times, indicating active buying. The key is whether volume can break through 0.115, opening up upward space.

Trade here 👇 $DYDX

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