$DEXE / USDT - Riding the Recovery Wave? Watch for Confirmation! 🚀
$DEXE is currently trading at $14.423, showing a slight decrease of -1.63% in the last 4 hours. However, after a sharp correction, the price action suggests a potential recovery phase might be underway!
Key Observations:
Current Price: $14.423
Recent Movement: Following a significant drop, $$DEXE as bounced off the lows and is now consolidating above the $14.40 level. This could indicate buyers stepping back in.
Potential Scenario: If bullish momentum builds and we see a break above the immediate resistance around $14.60 - $14.70, we could witness a further push towards higher targets.
Key Levels to Watch for Potential Long Entries:
Potential Entry: Look for a confirmed break and sustained trading above $14.70.
Initial Target 1: $15.00 - $15.20
Initial Target 2: $15.50
Crucial Support Level:
The $14.30 - $14.40 zone is acting as immediate support. A break below this could negate the short-term bullish outlook.
Risk Management:
Consider placing a stop-loss order below the $14.30 level to manage potential downside risk.
Always remember to conduct your due diligence and trade responsibly.
$DEXE/USDT is showing promising signs of recovery after a recent dip. Keep a close eye on the resistance levels for potential breakout opportunities!
