Technical Analysis for $DEXE
/USDT:
Current Price: $9.77
Trend: Bullish (7.64% increase in the last 24 hours)
Support & Resistance Levels:
Support: $8.474 (24h low)
Resistance: $9.818 (24h high)
Momentum:
The bullish momentum is evident with a solid 7.64% increase within 24 hours.
Price is approaching resistance levels ($9.818), and a potential breakout could propel the price further upward.
Trade Signal: Buy Signal
Ideal Entry: $9.75
Buy Trigger: Once the price holds above the $9.75 level and shows signs of bullish continuation (preferably with high volume).
Target Levels:
Target 1: $9.95 (Approaching resistance levels)
Target 2: $10.30 (Psychological resistance and next major hurdle)
Target 3: $10.50 (Next significant resistance based on recent bullish trends)
Trade Momentum:
Watch for volume spikes and momentum indicators like RSI for overbought signals. However, given the current trend, the momentum appears to favor bulls. Monitor closely for breaks above key levels, with a focus on maintaining stop-loss around $8.50 in case of a retracement.
This analysis suggests entering with caution but with confidence in the bullish trend if key support holds.