$DEXE

/USDT - Technical Analysis & Trade Signal

Current Price: $10.35

Trend: Bullish (Strong upward movement)

Key Support and Resistance:

Support Level 1: $9.05

Support Level 2: $9.50

Resistance Level 1: $12.00 (24h High)

Resistance Level 2: $11.62

Resistance Level 3: $11.80

Trade Signal:

Momentum: Positive (with +14.32% 24h increase)

RSI (Relative Strength Index): Currently nearing 70 (approaching overbought, cautionary sign for correction)

MACD (Moving Average Convergence Divergence): Bullish crossover indicating upward momentum.

Trade Targets:

Target 1: $11.00 – Mid-term resistance, a good take-profit point.

Target 2: $11.50 – Closer to next resistance, higher potential but keep an eye on volume.

Target 3: $12.00 – Reach the daily high, with confirmation from momentum and volume.

Trade Momentum:

Bullish momentum is strong. The short-term outlook remains positive with a strong potential for further price increase, but be cautious near resistance levels, especially $11.80 and $12.00, as the price could face consolidation or a minor correction.

Consider taking partial profits around each target level to lock in gains.

Risk Management: Use tight stop losses just below $9.00 for risk control.

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