**Why I’m Not Buying This Dip as a "Golden Opportunity" (Yet)**
The $DEXE /USDT pair is down **-11.74% today**, with a steep **-37.23% drop over 7 days**. While dips can be tempting, here’s why I’m cautious:
1. **Trend Weakness**:
- Price is **below all key MAs** (7/25/99-day), signaling strong bearish momentum.
- RSI/StochRSI are neutral (26.9/30.9), but volume is declining, suggesting lack of conviction.
2. **Macro Context**:
- DEXE is still **-49% from 90-day highs**—this isn’t just a dip; it’s a prolonged downtrend.
- 24h high/low shows volatility, but no clear reversal pattern yet.
3. **Better Alternatives?**
- With DeFi sentiment mixed, I’m waiting for:
- A breakout above MA(7) ($9.79) or
- Higher lows forming on the chart.
**Bottom Line**: Don’t catch a falling knife. I’ll wait for confirmation of strength before calling this a "golden opportunity."
*What’s your take? Buying the dip or waiting?* 🚀🔍 #defi #GoldenOpportunity #trading #DYOR