The chart provided represents the $DEXE /USDT pair on Binance with a 30-minute timeframe. The price currently stands at $14.983, showing an uptrend, with 1-year growth of 278.09%, and shorter-term performance also reflecting strong bullish momentum (e.g., 91% in 90 days).
Analysis:
1. The price is consolidating after a recent rally, which indicates potential for continuation or a correction phase.
2. Entry for Long Position: Enter at the current consolidation zone ($14.80–$15.00) if the price breaks above $15.20, confirming bullish momentum.
Target: $15.80 and $16.50.
Stop Loss: $14.50 (below the consolidation support).
3. Entry for Short Position: If the price breaks below $14.80 with strong volume, enter short.
Target: $14.20 and $13.50.
Stop Loss: $15.20 (above recent resistance).
4. Consider volume and market sentiment indicators for further confirmation of the breakout or breakdown.
Trade cautiously and adjust positions based on market volatility.
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