$DEXE /USDT BULLISH BREAKOUT ABOVE KEY FIB LEVELS SIGNALS STRONG LONG OPPORTUNITY
After a prolonged consolidation, $DEXE/USDT has exploded past multiple resistance zones, confirming a bullish breakout on the 1D chart. The latest candlestick shows a sharp surge with high volume, pushing price decisively above the 84.07% Fibonacci retracement level—historically a zone of strong rejection. This breakout is backed by momentum and structure, suggesting continuation.
The 7 EMA has crossed above the 25 EMA, forming a bullish crossover and reinforcing upward momentum. Price action is now trading well above both EMAs, indicating trend strength. Volume spikes confirm buyer dominance, and the absence of upper wick pressure suggests minimal selling resistance.
LONG ENTRY ZONE:
Entry: 11.20–11.40
TP1: 12.80 (recent high)
TP2: 14.50 (psychological round level)
TP3: 16.20 (extension target based on Fibonacci projection)
SL: 10.20 (below breakout candle and EMA cluster)
This setup favors trend continuation with room for aggressive upside. Traders should monitor for minor pullbacks into the breakout zone for optimal entries.
Risk Management:
Use 2–3% of account per trade. Adjust position size based on SL distance. Trail stop once TP1 is hit to lock in gains and reduce exposure.
