Massive Short Liquidation Alert.

$DEXE saw an explosive move as $1,194 in short positions were liquidated at a key price of $17.441.

The battle between bulls and bears intensified, and the short-sellers couldn’t hold the line. As the price surged to this critical level, bears were forced to close their positions in a cascade, fueling even more upward momentum.

What Does This Mean.

1. Bullish Pressure Rising:

Buyers seem to have gained control, pushing $DEXE toward higher levels. Liquidations like this often signal strong demand and a potential continuation of the upward trend.

2. Key Levels to Watch:

Support: $16.80 – $17.00 (former resistance turned support).

Resistance: $18.00 – $18.50 (next challenge for bulls).

3. Opportunities for Traders:

For Bulls: Look for dips near $16.80–$17.00 for entries with targets of $18.00+.

For Bears: Be cautious.

Wait for clear rejection signals near $18.50 before considering new shorts.

Pro Tip: Monitor the overall market sentiment and trading volume closely, as a breakout above $18.50 could trigger another wave of liquidations, this time targeting shorters above $19.00. Stay sharp, and trade smart.

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