【$DYDX Signal】Pullback to buy! 1H oversold rebound, clear signs of main force supporting the market

$DYDX The 1H timeframe has entered a seriously oversold zone, RSI has fallen to 32, and the price is testing the key support level at 0.08. Although the 4H trend is downward, the open interest remains stable, with no signs of panic selling. Combined with solid buying depth, the main force may be defending around 0.08. The 1H chart shows initial signs of stabilization, making it an excellent opportunity to position for a rebound.

🎯Direction: Long

⚡Entry/Order: 0.075 - 0.076 (patiently wait for a pullback to the optimal entry zone)

🛑Stop Loss: 0.073

🚀Target 1: 0.081

🚀Target 2: 0.084

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price of 0.076. Hold the remaining position to aim for Target 2. If the price cannot hold above 0.081 and falls back, close all positions.

Order Book Logic: Although the price has declined, open interest remains stable, indicating it’s unlikely to be large-scale dumping by the main force, more like long leverage liquidation. The order book shows very thick buy orders below 0.08, forming a strong support wall. The 1-hour RSI has shown early signs of bullish divergence, and rebound momentum is building. Currently, the price is far from the 1-hour EMA20, so chasing high risks significant losses. Wait for a pullback to the 0.075-0.076 zone for a better entry, with a more favorable risk-reward ratio.

View real-time market 👇 $DYDX

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