$DEXE Are You "Stuck" Or Want To Rise? 🤔 Let's Peek Together!
Hello trader friends! 👋 I'm checking out DEXE/USDT on the 4-hour timeframe. Where do you think DEXE is heading after the steep drop yesterday? 😱
Important Points I Found:
- The trend is still going down a lot, guys! Lux Algo SMC shows many BOS downwards after the sharp drop yesterday. 📉
- There is an FVG/OB area around $8.80 - $9.20 that seems to be a strong wall if DEXE wants to rise. 🧱
- Transaction volume is quite low now, like it's taking a break after the drama of yesterday's decline. 🤫
- RSI is in the middle, having risen from an oversold condition but not strong enough to accelerate. 💨
Optimistic View ✨:
If DEXE can consolidate at the current level and there is a strong buy signal, there might be a small bounce to the supply area at $8.80. That is, if it manages to break through! 🙏
Cautious View ⚠️:
The downward trend is still very strong, friends. If the price fails to break through the supply area above, there is a possibility DEXE will continue to drop again in search of a new low. So, be careful! 🥶
Conclusion:
DEXE is currently in a tough situation. If you want to trade, it's very important to wait for clear confirmation and always use stop-loss! Don't get stuck! 🛡️
Come on, share your thoughts in the comments! 👇
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