$DEXE / USDT - Technical Analysis & Trade Signal
Current Price: $10.35
Trend: Strong bullish momentum with upward movement.
Key Support and Resistance Levels
Support 1: $9.05
Support 2: $9.50
Resistance 1: $11.62
Resistance 2: $11.80
Resistance 3: $12.00 (24-hour high)
Trade Signal
Momentum: Positive, with a 24-hour gain of +14.32%.
RSI (Relative Strength Index): Nearing 70, signaling a potential overbought condition that could lead to a correction.
MACD (Moving Average Convergence Divergence): Bullish crossover, indicating upward momentum.
Trade Targets
1. $11.00: Mid-term resistance; a good take-profit level.
2. $11.50: Close to the next resistance, offering higher potential but requiring monitoring of volume.
3. $12.00: Testing the daily high; confirmation will depend on momentum and trading volume.
Momentum Outlook
The short-term outlook remains positive, with strong bullish momentum likely driving prices higher. However, watch for consolidation or corrections near resistance levels, particularly at $11.80 and $12.00.
Risk Management
Stop Loss: Place just below $9.00 to minimize risk.
Profit Strategy: Consider taking partial profits at each target level to secure gains while managing exposure.
