DYDX is showing a high-confidence short setup, with a break of market structure and volume confirming the direction. Current price action is overlapping key order blocks and fair value gaps, setting up a potential drop.

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🔴 DYDX SHORT 📉

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📍 Entry Range: $0.145654 – $0.145946

🛑 Stop Loss: $0.150174 (-3.0%)

🎯 TP1: $0.143613 (+1.5%)

🏆 TP2: $0.138510 (+5.0%)

⚡ R/R Ratio: 1:1.7

📊 Confidence: 91%

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The CHoCH signal fired on the break of the recent range, with CVD indicating sellers are in control and FVG suggesting a gap to fair value is likely to get filled. This, combined with the POI confluence of OB and FVG overlap, makes for a compelling short setup. The structure looks like a clear breakdown from a rounded top, further supporting the short case.

With a 3.0% stop loss, which is on the tighter side, a leverage of 3-4x fits this trade to balance risk and potential reward given the 1:1.7 risk-to-reward ratio.

Taking partial profit at the first target, which aligns with the lower end of the fair value gap, will help to lock in some gains and reduce exposure before potentially letting the rest of the position run to further targets.

Not financial advice — always manage your own risk 🙏

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