$DEXE /USDT Technical Analysis and Trade Setup
The $DEXE /USDT 4-hour chart is highly volatile, showing a severe price crash followed by an attempted consolidation and bounce. The overall sentiment remains bearish due to the magnitude of the prior drop.
Technical Summary:
Current Trend: Short-term bullish corrective bounce, but the medium-to-long-term trend remains bearish.
Price Level: The current price ($6.598) is above the short-term EMA(7) at $6.286 but below the mid-term EMA(25) at $6.862.
Resistance: Immediate resistance is the EMA(25) at $6.862, followed by the local high around $7.20.
Support: Immediate support is the EMA(7) at $6.286, with a critical level at the 24h low of $5.850.
Volume: The bounce is on significantly lower volume than the crash, suggesting it is a weak consolidation rather than a strong reversal.
High-Risk Trade Setup (Long Bias for Bounce):
This is a high-risk trade attempting to capitalize on the continuation of the post-crash bounce.
Entry: $6.40 – $6.60
Stop Loss (SL): $5.80 (A break below the 24h low invalidates the bounce.)
Target 1 (T1): $6.85 – $6.90 (At the EMA 25 resistance.)
Target 2 (T2): $7.20 – $7.40 (Testing the local consolidation high.)
"The $DEXE /USDT chart is flashing extreme volatility: a massive crash met a quick bounce. Is this a healthy recovery or a dead cat bounce? The immediate battle at $6.862 will decide its fate."