【$DYDX Signal】Long - 1H breakout above EMA20, strong buy pressure on the order book, signs of main force supporting the price

$DYDX The 1H timeframe has stabilized above EMA20(0.0986) and with increased volume testing the key resistance at 0.10, buy orders significantly outnumber sell orders, indicating clear intention of main force to support the price. Although the 4H timeframe is in a sideways downward channel, the 1H momentum has already turned strong, open interest remains stable, and funding rates are moderate, providing an excellent short-term breakout opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0995 - 0.1005 (Reason: Above the 1H EMA20 support zone, breaking through the accumulation zone before the previous high at 0.101)

🛑Stop Loss: 0.0975 (Reason: Break below the 1H previous low and EMA50 support, ATR-based stop loss)

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

🚀Target 2: 0.1080 (Reason: 1.618 Fibonacci extension level, corresponding to previous dense trading zone)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend has not fully reversed, indicating contrarian play)

- Execution strategy: Reduce position by 50% after reaching 0.1040, and move stop loss up to entry price 0.0995. The remaining position aims for the second target; if the price retraces into the entry zone and breaks below the 1H EMA20, exit all positions.

Order book depth imbalance reaches 15.44%, buy orders accumulate in the 0.099-0.097 range, forming a strong support wall. The 1H RSI is at 58.71, in a strong zone, and the latest candlestick shows buy dominance at 75%, indicating active buying. Open interest remains stable while the price rises, not a short squeeze but main force supporting and accumulating. Key point: whether the price can break through the sell wall at 0.101; once broken, it will trigger short covering.

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