【$DYDX Signal】Vicious Rebound! 1H Oversold Divergence + Order Book Support, Short Squeeze Play

$DYDX The 1H timeframe is consolidating with decreasing volume in the 0.094-0.096 range, RSI(1H) has entered the oversold zone (41.41), forming a potential bullish divergence with the price. Although the 4H timeframe is in a downtrend channel, open interest (OI) remains stable and not decreasing, and the order book depth shows unusually thick buy orders at 0.094-0.093, indicating that funds are supporting the price here. Currently, the price is falling but OI is not, combined with a positive funding rate, suggesting a potential short squeeze rebound opportunity.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0945 - 0.0950

🛑Stop Loss: 0.0928

🚀Target 1: 0.0985

🚀Target 2: 0.1010

🛡️Trade Management:
- Position Size: Light
- Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.0950. Hold the remaining position aiming for Target 2. If the price retraces and breaks below the trailing stop, exit all positions.

Order Book Logic: The price dropped from 0.102 to 0.094, but 4H OI remains stable, which is not typical of major players offloading, more like a long leverage washout. The 1H RSI shows a bullish divergence, and the order book shows over 5.7 million USDT worth of buy orders stacked below 0.094, forming a strong short-term support. Coupled with a slightly positive funding rate, there is a risk of a short squeeze. This is a short-term rebound play based on support levels and market behavior.

View real-time market 👇 $DYDX

---

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

‍#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH $SOL