$DEXE /USDT Short Trade Opportunity

$DEXE /USDT is currently trading at $8.74, showing signs of weakness after failing to maintain momentum above the $9 zone. With a 24h low at $8.65 and a decreasing trend in price action, a short trade setup could be ideal in the current DeFi market climate.

Here’s a detailed breakdown of the short trade plan:

Entry Zone:

Current price region around $8.74

Short Setup Idea:

The rejection near the $8.96 resistance level (24h high) suggests potential for a deeper pullback. If selling pressure continues and DEXE breaks below the $8.65 intraday support, we could see a move toward lower demand zones.

Stop Loss:

Place a tight stop loss at $9.05 — just above the recent high and liquidity trap zone.

Take Profit Targets:

• Target 1: $8.20 — this is near the psychological support and past consolidation zone.

• Target 2: $7.65 — reflects a key demand area visible on the 4H chart where bulls previously defended.

• Target 3: $6.95 — a deeper correction zone that aligns with historical order block and support levels from the past week.

Technical Justification:

Bearish price structure forming lower highs on the 1H and 4H charts.

Volume decline signals weakening bullish interest.

RSI turning down from mid-range, confirming possible downside continuation.

Failure to hold above $8.90 reinforces bearish sentiment.

This setup allows for favorable risk-to-reward, especially if DEXE breaks below $8.60 with volume. Manage trade actively — partial profits at Target 1 and adjust stop to entry for risk-free continuation. A break below $8.20 could accelerate downside momentum toward $7 zones.

Patience and discipline remain key — this is a momentum-based short play and should be re-evaluated if price breaks above $9.05 with strength.

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