【$DYDX Signal】Hold cash and wait — Weak rebound in a downtrend

$DYDX Forms a weak consolidation in a long-term downtrend, with the price suppressed below EMA20 (0.1026), and rebound momentum fading.
🎯 Direction: Hold cash
Market analysis: The 4H chart shows the price oscillating between 0.095 and 0.103, but each rebound high is progressively lower (0.103 -> 0.102 -> 0.101), indicating a descending triangle pattern. The latest candlestick shows buy volume at 54% but only a slight price increase, indicating weak bullish strength.
Hardcore logic: Key data points to a bearish structure. 1) Open interest (OI) remains stable rather than decreasing, suggesting not a short squeeze but active selling pressure amid falling prices. 2) Funding rate (0.0096%) is positive, but the price is unable to rise, indicating a “pay-to-fall” weak structure. 3) RSI (44.28) is in a neutral to weak zone, with no oversold rebound momentum. 4) Order book depth imbalance (17.16%) and bid-ask ratio (1.41) show support below, but EMA trend is downward, so this support is more likely to be tested rather than used as a springboard.
Currently, there are no high-probability resonance signals for long or short positions. The bullish case lacks trend support (price