$DEXE Short Liquidation Alert

A short position worth $5.195K was liquidated at a price of $1123.0. This could be a significant moment, indicating market movement in favor of bullish activity.

What’s Next?

The liquidation of short positions often triggers a temporary price spike, but it's essential to analyze the market before making any decisions. Here’s a detailed breakdown of what you should consider next:

Buy Zone

If you're planning to enter the market, look for the ideal buy zone:

Buy Zone: $1115 - $1130

(Wait for a slight pullback to enter around these levels for better risk management.)

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Target Levels

Set your profit-taking targets carefully based on market momentum and technical resistance levels:

1. Target 1: $1150 (Short-term resistance)

2. Target 2: $1175 (Stronger resistance, ideal for partial profit-taking)

3. Target 3: $1200 (Major resistance level, consider exiting most positions here)

Stop Loss

Always protect your capital with a stop loss. For this trade:

Stop Loss: $1105 (Below the recent support level)

Key Observations

1. Market Sentiment: The short liquidation indicates bullish sentiment; however, confirm with trading volume and candlestick patterns.

2. Volatility: Be cautious of sudden price swings as the market adjusts post-liquidation.

3. News & Events: Keep an eye on macroeconomic factors or announcements that may impact prices.

Tips for Success

Use proper position sizing to manage risk effectively.

Avoid overtrading; let the market come to your levels.

Keep track of updates in real-time to adjust your strategy if needed.

Disclaimer:

This is not financial advice. Always do your own research (DYOR) and consider consulting a financial advisor before making investment decisions.

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