🔮 $DEXE /USDT Technical Analysis & Trade Signal: Reversal Opportunity Ahead! 🎯
Current Price: $16.28
24h High: $17.49
24h Low: $16.04
Key Support & Resistance Levels
Support Level 1: $16.04
Resistance Level 1: $17.50
Resistance Level 2: $18.00
Momentum Indicators
RSI: 30-35 (Oversold, potential reversal signal)
MACD: Bearish momentum easing, narrowing gap
Volume: Consistent, potential for a breakout
📈 Trade Signal:
1. Entry Point:
Enter when price breaks above $16.50, confirming upward momentum.
2. Target Levels:
🎯 Target 1: $17.00 (Near first resistance, expect potential pullback)
🎯 Target 2: $17.50 (Primary resistance zone, key level to watch)
🎯 Target 3: $18.00 (Higher potential if the bullish trend continues)
3. Stop Loss:
Set stop loss around $15.80 to manage risk if the price dips below support.
🚀 Trade Momentum:
With the price approaching strong support and showing oversold conditions, a reversal to the upside seems plausible. Watch for a break above $16.50 for confirmation. If bearish pressure continues, the price could test $15.80 as a safety zone.
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