Shorting the $DEXE bounce? (High Probability Strategy) ๐
Following the exponential +87% pump and the sharp rejection at 4.289, lower timeframes show clear buyer exhaustion. Instead of chasing the price upward, the play with the best risk-to-reward ratio is waiting for a resistance retest.
๐ Trade Setup:
๐ Entry Zone (POI): $3.95 - $4.01 (Wait for rejection wick on 3m/5m)
๐ Stop Loss (SL): $4.09 (Invalidates the bearish setup)
๐ฏ Take Profit 1: $3.82 (Take 50% + move to Breakeven)
๐ฏ Take Profit 2: $3.70 (Take 30%)
๐ฏ Take Profit 3: $3.55 (Let the remaining 20% run)
โ ๏ธ Risk Management: Given this extreme volatility, if you are trading at 10x-20x, adjust your position margin so you don't risk more than 1% to 2% of your total capital per trade.
Are you looking to Short this resistance or do you think it will smash through $4.09 with power? Drop your strategy in the comments! ๐
$DEXE #CryptoTrading #TechnicalAnalysis #Futures
Following the exponential +87% pump and the sharp rejection at 4.289, lower timeframes show clear buyer exhaustion. Instead of chasing the price upward, the play with the best risk-to-reward ratio is waiting for a resistance retest.
๐ Trade Setup:
๐ Entry Zone (POI): $3.95 - $4.01 (Wait for rejection wick on 3m/5m)
๐ Stop Loss (SL): $4.09 (Invalidates the bearish setup)
๐ฏ Take Profit 1: $3.82 (Take 50% + move to Breakeven)
๐ฏ Take Profit 2: $3.70 (Take 30%)
๐ฏ Take Profit 3: $3.55 (Let the remaining 20% run)
โ ๏ธ Risk Management: Given this extreme volatility, if you are trading at 10x-20x, adjust your position margin so you don't risk more than 1% to 2% of your total capital per trade.
Are you looking to Short this resistance or do you think it will smash through $4.09 with power? Drop your strategy in the comments! ๐
$DEXE #CryptoTrading #TechnicalAnalysis #Futures