【$DYDX Signal】Bidirectional Pending Orders! 1H Triangle Convergence Ending, Price Reversal Imminent!

$DYDX The 1H level price is oscillating narrowly between 0.098-0.101, forming the end of a triangle convergence, with trading volume shrinking, indicating a forthcoming trend change. The 4H level remains in a downtrend channel, but open interest is stable, with no signs of panic selling. Currently, the price is at the confluence of the 1H EMA20 and EMA50, indicating a balance between bulls and bears, waiting for a catalyst.

🎯Direction: Watch and Wait (Bidirectional Pending Orders)

⚡Scenario A (Breakout Upwards for Long Entry):

🎯Entry/Order: Breakout Buy Stop @ 0.1015 (Reason: Break above 1H triangle upper trendline and dense trading zone)

🛑Stop Loss: 0.0990 (Reason: Break below triangle lower trendline and previous support)

🚀Target 1: 0.1040 (Reason: Previous high resistance on 4H level)

🚀Target 2: 0.1065 (Reason: 1.618 Fibonacci extension level)

⚡Scenario B (Breakdown for Short Entry):

🎯Entry/Order: Limit Buy @ 0.0970 (Reason: Rebound from strong support zone on daily chart, playing the bounce)

🛑Stop Loss: 0.0950 (Reason: Break below key round number and support level)

🚀Target 1: 0.1000 (Reason: Retest of breakout point and psychological level)

🚀Target 2: 0.1020 (Reason: Previous high on 1H level)

🛡️Trade Management:

- Position Size Suggestion: Light Position (Reason: Unclear trend, a left-side game, higher risk)

- Execution Strategy: Only one of the two pending orders will trigger. If triggered, and the price quickly reverses to hit the stop loss, abandon the trade. After reaching Target 1, reduce position by 50% and move stop loss to entry price.

Depth Logic: Market depth shows a large accumulation of buy orders at 0.098, forming a temporary support. Open interest remains stable, price declines but does not trigger a liquidation, possibly a shakeout. 1H RSI is around 45, with room for a rebound. The key is whether volume can break through the supply zone at 0.101-0.102. Market logic suggests a downward move, but combined with stable open interest, it appears more like passive stop-losses by longs rather than main players offloading. Watch for rebound strength after the decline.

View real-time quotes 👇 $DYDX

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL