📉 $DEXE is approaching a key supply zone — Are we about to see a correction?
After a strong and extended uptrend, DEXE has hit a local resistance area where profit-taking might start to surface. The momentum is still strong, but any weakness near these levels could give sellers an opportunity to take control in the short term.
🔴 Setting up a SHORT on $DEXE
🔹 Entry Zone: 20.80 – 21.50
🛑 Stop Loss: 22.35
🎯 Profit Targets:
• TP1: 20.20
• TP2: 19.30
• TP3: 18.00
⚡ Confirmation Conditions:
• Wait for a clear rejection wick from the resistance, or
• Close of a bearish candlestick below 21.80 to confirm seller dominance.
📊 Technical Outlook:
• Price has reached a local supply zone after a sharp rise.
• The likelihood of profit-taking increases as the upward movement extends.
• Failing to hold above the breakout area may push the price into a deeper correction.
• A breakout above 22.35 and holding above it invalidates the bearish scenario and shifts the advantage back to buyers.
⚠️ Risk Level: Moderate
📉 Preferred Scenario: Bearish rejection from the resistance zone with clear confirmation before entry.
$DEXE
After a strong and extended uptrend, DEXE has hit a local resistance area where profit-taking might start to surface. The momentum is still strong, but any weakness near these levels could give sellers an opportunity to take control in the short term.
🔴 Setting up a SHORT on $DEXE
🔹 Entry Zone: 20.80 – 21.50
🛑 Stop Loss: 22.35
🎯 Profit Targets:
• TP1: 20.20
• TP2: 19.30
• TP3: 18.00
⚡ Confirmation Conditions:
• Wait for a clear rejection wick from the resistance, or
• Close of a bearish candlestick below 21.80 to confirm seller dominance.
📊 Technical Outlook:
• Price has reached a local supply zone after a sharp rise.
• The likelihood of profit-taking increases as the upward movement extends.
• Failing to hold above the breakout area may push the price into a deeper correction.
• A breakout above 22.35 and holding above it invalidates the bearish scenario and shifts the advantage back to buyers.
⚠️ Risk Level: Moderate
📉 Preferred Scenario: Bearish rejection from the resistance zone with clear confirmation before entry.
$DEXE