$DEXE Short Liquidation: A Flashpoint at $15.3089
$1,503 worth of $DEXE shorts have been liquidated at the key price of $15.3089.
This liquidation hints at increasing bullish momentum, potentially setting the stage for dramatic market shifts.
Key Details:
1. Liquidation Level: $15.3089 now acts as a critical zone, reflecting heightened bullish pressure as shorts get squeezed.
2. Market Sentiment: The short liquidation underscores a potential reversal or continuation of bullish trends, demanding close attention.$dexe
Next Move:
Bullish Scenario: A sustained move above $15.40 could open the path to the $16.00 resistance zone, signaling further upward potential.
Bearish Scenario: A failure to hold above $15.30 might lead to a retracement toward $15.00 or lower.
Stop Loss Guidance:
For Long Positions: Place a stop loss below $15.25 to minimize risk in case of a downturn.
For Short Positions: Use a stop loss above $15.50 to guard against continued upward pressure.
Stay prepared; this is a critical moment for $DEXE traders as the market's next direction hangs in the balance.