$DEXE Trade Idea (4H Chart)

▶️ Entry Zone: 9.8

🛑 Stop Loss: Below 9.601 (recent low)

🎯 Take Profit 1: 10.198 (Previous resistance)

🎯 Take Profit 2: 10.858 (Estimated higher resistance)

Analysis:

Price is currently above all EMAs (7, 25, 99), indicating a potential bullish trend.

Recent price action shows a strong uptrend with a retest of the 9.601 support level.

RSI(14) at 58.048 is in the neutral zone, suggesting potential for further upside.

MACD is positive and showing bullish divergence, indicating strengthening momentum.

24h gain of 2.87% with high volume indicates potential buying pressure.

Rationale:

The current market structure for DEXE/USDT is bullish, with the price breaking above multiple resistance levels. A potential long entry can be considered after a clear pullback or consolidation, providing a better risk-reward opportunity. However, the neutral RSI suggests caution and potential profit-taking.

Caution:

The cryptocurrency market is highly volatile.

Use stop-loss orders for risk management.

Overbought conditions in the RSI might indicate a potential short-term correction.

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#DEXEUSDT #DEXE #CryptoTrading #TradingStrategy #TechnicalAnalysis