$DEXE Short Liquidation Alert
A total of $5.0415K was liquidated at $19.61919, signaling that bullish pressure is forcing shorts to exit the market.
What’s Next?
The liquidation event suggests that buyers are gaining momentum. Here’s your detailed trading strategy:
Buy Zone
Entry Range: $19.200 - $19.600
Look for entry opportunities within this support range for a potential bounce.
Target Levels
Target 1: $20.500 (short-term resistance level)
Target 2: $21.500 (mid-term target)
Target 3: $22.500 (psychological breakout level)
Stop Loss
$18.900
Protect your position by placing a stop loss below this level in case the trend reverses.
Key Insights
Bullish Momentum: The liquidation highlights growing buying interest, which could lead to further upside.
Volume Watch: Confirm the trend by monitoring for increased volume in the buy zone.
Market Influence: Broader market conditions and BTC trends could impact DEXE’s trajectory.
Pro Tips for Trading $DEXE
1. Confirm Trend Reversal: Wait for bullish candlestick patterns or higher lows before entering.
2. Risk Management: Stick to your stop-loss and position-sizing rules to minimize potential losses.
3. Stay Informed: Keep an eye on market updates and news related to DEXE and its ecosystem.
Final Thought:
$DEXE ’s short liquidation hints at a strong bullish setup. Plan your trade wisely, manage your risks, and capitalize on the momentum!
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