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4H chart for DYDX/USDT breakdown and potential trading setup using the visible Fair Value Gaps (FVGs), structure, and liquidity zones:
Current Price: $0.6418
Recent High: $0.6650 (Swing High)
4H Bearish FVG: Around $0.656 - $0.664
4H Bullish FVG: Around $0.617 - $0.625
Market Structure:
Break of Structure (BOS) confirmed.
Swing Low Liquidity below current price could be targeted.
RSI (Not fully visible): Seems neutral, not overbought/oversold.
โ Trade Idea (Short Setup)
Since price just tapped into the 4H Bearish FVG and rejected, a short (sell) setup may be forming.
Entry (Sell)
$0.655 - $0.660 zone (retest of the 4H Bearish FVG)
๐ฏ Take Profit (TP):
TP1: $0.625 (top of 4H Bullish FVG)
TP2: $0.618 (mid of Bullish FVG)
TP3: $0.602 (below Bullish FVG / near previous demand)
โ Stop Loss (SL)
$0.668 - $0.670 (above the FVG & swing high)
๐งฎ Risk:Reward:
Entry: $0.658
SL: $0.670 โ Risk: 0.012
TP1: $0.625 โ Reward: 0.033 โ R:R = ~2.75
โ ๏ธ Alternative (Buy Setup, if price drops to support):
If price drops to the 4H Bullish FVG, you may also look for a long (buy):
Entry (Buy)
$0.617 - $0.622
๐ฏ TP:
TP1: $0.641 (current resistance)
TP2: $0.655 (into Bearish FVG)
โ SL:
$0.608 - $0.610 (below the FVG and liquidity zone)