$DEXE Flash Pump, Flash Trap: Bulls Beware....
$DEXE spiked from 4.97 to 9.45 in a single candle a classic liquidity grab. But the rejection at the top and rapid fade suggest this was more manipulation than momentum. Sellers are stepping in hard after the wick.
🔻 SHORT Trade Setup
• Entry Zone: 8.30 – 8.50
• Stop Loss: Above 8.90
• TP1: 7.55
• TP2: 6.80
• TP3: 6.10
Market Insight:
Huge wicks, huge volume, and a failed breakout all signs of a bull trap. If this was a liquidation sweep, the path of least resistance is now downward. Tighten stops and don’t chase; let price confirm the breakdown.