$DYDX Long Liquidation Alert.

A long liquidation worth $1.5559K occurred at $1.869.

The market showed strong selling pressure pushing prices downward.

Here's a detailed analysis to guide your next move in this volatile market.

What’s Happening.

Long liquidation: Indicates that bullish traders were forced to exit due to price dropping below their margin levels.

This event shows the dominance of sellers at higher levels creating uncertainty in short-term price movement.

Next Steps for $DYDX

Buy Zone:

Accumulate around $1.75 - $1.78, where demand is likely to emerge.

Wait for confirmation of support holding before entering the trade.

Targets:

1. Short-term Target: $1.89 Profit booking zone if the trend reverses.

2. Mid-term Target: $2.05 – Strong resistance breakout could trigger further upside.

Stop Loss:

Place your Stop Loss at $1.69 to minimize risk in case the bearish momentum continues.

Key Points to Remember

1. Monitor the volume and momentum near the buy zone.

High buying interest could indicate a reversal.

2. Keep an eye on the crypto market sentiment (BTC, ETH movements impact altcoins like DYDX).

3. Use proper risk management.

Don’t over-leverage keep your position size small.

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