DEXE Testing Support with a Low RSI — Opportunity or Trap?
DEXE is currently trading at $12.65, after hitting a recent low of $11.23. While there’s been a small recovery, the 3-day chart still shows bearish pressure and hesitation from buyers.
Technical breakdown:
The EMA(7) is below both the EMA(25) and EMA(99), signaling a continued downtrend in the short to medium term.
The RSI(6) is at 34.16, approaching oversold territory — which could suggest a potential bounce, but there’s no confirmation of reversal yet.
Recent bullish attempts failed to break above key moving averages, showing weak momentum from buyers.
Psychological support lies around $12.00, with resistance at $13.50–$14.80.
My personal take:
Although the RSI is nearing oversold levels, I see no clear entry signal yet. DEXE could be forming a double bottom — or simply consolidating before another leg down. In this kind of setup, capital protection is key. I’d rather wait for volume and structure confirmation before jumping in.
Would you enter now, or wait for a break above the EMA(25)?
