๐ $DEXE โ Setup Short After Increasing 134%
๐ฐ Market in the last 24h:
DEXE slightly decreased -0.44% to $7.16, exhaustion signal after a 134% pump over the past 30 days. Volume weakened โ opportunity for the bears.
๐ด Support: $6.91 โ strong support at $6.78
๐ข Resistance: $7.48 โ strong resistance at $7.73
๐ 24h trading volume: $585K ==> Low volume, easy to manipulate
๐ Main trend:
โข D1: Strong increase of 134% in 30 days โ Main trend is UP
โข H4: Currently consolidating, bears control short-term โ Short-term decrease
โ Combination: SHORT AGAINST THE TREND (high risk)
๐ RSI (24) H4 frame: ~45-50 โ Neutral zone
โ Momentum is leaning towards the bears
๐ฏ Short Setup:
โ Entry: $7.10 - $7.20
โ SL: $7.48 (+3.9%) โ MANDATORY
โ TP1: $6.91 (-3.5%)
โ TP2: $6.78 (-5.3%)
โ TP3: $6.50 (-8.5%)
โก Risk management:
โข Recommended leverage: 5x (do not use 10x+)
โข Risk: 1-2% of capital (short against the trend)
โข Mandatory SL โ do not hold, do not move SL
โข Split into 2 orders: 50% at $7.10, 50% at $7.20
โ ๏ธ Warning:
โข Short against the main trend (UP) โ high risk
โข Top 10 holders hold 94.8% โ easy to be whale pumped and hit SL
โข Low volume โ only trade with small risk
๐ฌ Are you trading DEXE? Long or short? Comment below! ๐
โ ๏ธ Note: This is not financial investment advice. Please manage your capital and risks when participating in this market.
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