Initiating Short Position on $DEXE After Pump! 📉
On the 1h timeframe, $DEXE is currently trading at $13.645, showing a slight increase of +3.51% after a noticeable pump. The 24h high reached $13.699, with a trading volume of 103.451K DEXE and 1.37M USDT. A short position is being considered following this upward move.
✅ Key Observation:
#DEXE has experienced a pump, and current price action suggests a potential retracement, creating an opportunity for a short trade.
Potential Entry Point (for short position):
🎯 Current price around $13.645
Initial Targets (Short-term bearish):
🎯 $13.500 (first potential support level)
🎯 $13.400 (second potential support level)
🎯 $13.200 (lower potential support level)
🛡️Key Resistance Level (Stop Loss consideration for short position):
🛡️ $13.699 (24h high - consider placing stop loss above this)
🛑 Stop Loss (Initial recommendation for short position):
Consider an initial stop loss above the 24-hour high of $13.699, perhaps around $13.750, to limit potential losses.
Trade responsibly on $DEXE
