【$DYDX Signal】Empty Position + Weak Consolidation Awaiting Breakout

$DYDX is showing a weak consolidation on the 4H timeframe, with prices oscillating within the 0.107-0.111 range, but the structure remains bearish.

🎯 Direction: Empty Position (NoPosition)

Market data indicates that although open interest remains stable, active sell volume (Taker Sell Volume) continues to dominate. The buy/sell ratio has been below 0.5 for several consecutive candles, indicating strong selling pressure. The price is unable to rebound and remains suppressed below 0.111, with a large number of sell orders stacked above 0.108 (Sell 1), forming a resistance wall.

Currently, it is a downward continuation pattern, lacking clear bottom reversal signals. The main players are more likely using this sideways movement to distribute or prepare for the next decline, rather than accumulating. Wait for the price to effectively break below 0.107 support or to strongly break above 0.111 and stabilize before making a directional decision.

Trade here 👇 $DYDX

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