Drweb3
vip

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.

✅ 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)

🎯 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)

⛔ Stop Loss (SL)

$0.668 - $0.670 (above the FVG & swing high)

🧮 Risk:Reward:

Entry: $0.658

SL: $0.670 → Risk: 0.012

TP1: $0.625 → Reward: 0.033 → R:R = ~2.75

⚠️ 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

🎯 TP:

TP1: $0.641 (current resistance)

TP2: $0.655 (into Bearish FVG)

⛔ SL:

$0.608 - $0.610 (below the FVG and liquidity zone)
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DragonFlyOfficialvip
· 07-17 06:05
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