⚡️ DEXE/USDT – Rejection After Spike, Range in Play
Current Price: $7.445
24h Change: +0.65%
24h High / Low: $7.694 / $7.284
Key Moving Averages:
MA(7): $7.469 (acting as immediate resistance)
MA(25): $7.449 (close to current price, suggests indecision)
MA(99): $7.460 (also aligned nearby, forming a short-term squeeze)
Chart Insights:
Sharp wick to $7.537 got rejected quickly — signs of sell pressure above.
Current price sitting below all major MAs — slightly bearish intraday bias.
$7.38 is local support, needs to hold for bulls to regain control.
📊 Trade Setup:
🔻 Setup: SHORT
📥 Entry: $7.445
🎯 Targets:
TP1: $7.36
TP2: $7.28
TP3: $7.18
🛡 Stop Loss: $7.53 (above recent spike)
🧠 Market Insight: Multiple rejections above $7.50 with tight MA clustering show loss of momentum. Breakdown below $7.38 opens further downside.
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