Technical Analysis for $DEXE
/USDT:🎯💯
Current Price: $15.03
Trend: Bullish (up by +7.86% in 24h)
Support Level: $13.725 (24h low)
Resistance Level: $15.359 (24h high)
Momentum Analysis:
The price has shown a positive momentum, breaking above recent highs. RSI (Relative Strength Index) suggests a continuation of upward pressure, though it could approach overbought levels soon.
EMA (Exponential Moving Averages) on shorter timeframes (e.g., 15m, 1h) indicate bullish crossover, confirming the upward trend.
Trade Signal:
Buy Signal: Consider entering if the price stays above $14.80 with a confirmation break above $15.00.
Target Levels:
1. Target 1: $15.80 — First resistance zone. Short-term profit-taking.
2. Target 2: $16.20 — Expect a larger move if price breaks $15.80.
3. Target 3: $16.50 — Stronger breakout potential if upward momentum holds.
Stop Loss:
Set a stop loss around $14.00 to manage downside risk.
Trade Momentum:
The bullish momentum is currently strong, but with some risk of consolidation near resistance points. Be cautious of overextended moves.
This analysis assumes the current bullish trend continues. Adjust according to real-time market changes and news.