$DEXE Short Liquidation Alert: $2.1276K at $13.74209
dexe has experienced a major short liquidation at $2.1276K, with the current price at $13.74209.
This presents a potential trading opportunity!
Here's a breakdown of the situation and the best strategy moving forward:
Buy Zone:
The ideal buy zone for $DEXE is between $13.30 - $13.50.
This is a key level where the price has found support in the past.
If the price holds above this zone, it's a good signal to consider entering a long position.
Target:
The initial target for dexe is around $15.00 - $16.00.
Based on previous resistance and the current market sentiment, these levels seem like reasonable price points to aim for.
If the momentum picks up, the price could even go higher.
Stop Loss:
Set your stop loss just below $12.80.
This gives you a cushion while protecting your investment in case the market turns against you.
If the price drops below this level, it may signal a reversal, and it's better to exit the position to limit losses.
Market Sentiment:
Short liquidations often lead to price surges, and $DEXE has a good chance of rallying due to the recent events.
However, remember that the crypto market is volatile, and quick changes can happen.
Always stay updated on market news and developments.
Key Notes:
Stay cautious and consider your risk tolerance when entering this trade.
Keep an eye on overall market trends to ensure that you're trading in the right direction.
By following these key points, you can make an informed decision while managing your risk effectively.