$DEXE 📊 Massive Sell-Side Volume on
$DEXE at 3.5x
- With this massive volume and sharp drop, I expect further downside unless the price quickly reclaims and holds above 20.74–21.20 on strong buying. This looks like smart money distribution, so I lean bearish for now.
- Entry for shorts: If price tests 20.74–21.20 and fails to break through with a reversal signal, that’s the best risk/reward area for shorting.
- Take profit levels: First target 19.70, next 19.10. If the move extends, 18.70 is possible.
- Stop-loss: Place above the most recent high or swing high around 21.51.
- Watch for confirmation: Wait for a clear bearish signal (rejection wick, engulfing candle, or lower timeframe momentum shift). Avoid chasing, as these moves can snap back quickly on massive volume spikes.
- My bias flips bullish only if price closes strongly above 21.51 and holds above that level. In that scenario, expect a run toward 22.46, but that's not likely with current momentum.
📝 This is not investment advice, just an educational analysis to help you understand the chart and volume behavior. Always wait for confirmation and manage your risk accordingly!
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