$DEXE is trading around $1.91, with the latest data showing a weak overall structure despite short-term stabilization. The daily trend remains bearish, while RSI is near 30 and MACD is negative. I’m watching the $1.84 support closely before taking any position.
Trade Idea
⚠️ Direction: Short — only after confirmed breakdown
Entry: $1.82–$1.84 after a confirmed close below $1.84
Stop Loss: $1.93
Targets
🎯 TP1: $1.73
🎯 TP2: $1.60
Why I'm Watching This Setup
• $1.84 is a key recent support area.
• Daily moving averages remain bearish.
• RSI(14) is around 30.5 and MACD remains negative.
• A breakdown with rising volume would strengthen the bearish setup.
I prefer waiting for confirmation because RSI is already near oversold territory. A failed breakdown could trigger a bounce instead, so chasing the move is not attractive here.
Risk management matters. Keep position size controlled, use the stop loss, and avoid entering before confirmation. This is a technical setup, not a guarantee.
What do you think?
Would you take this setup, or wait for confirmation?
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