$DEXE 📊 Technical Analysis for DEXE/USDT on Binance: Dec 22, 2024 🎯
Current Price: $10.081 (+16.06% in the last 24h)
24h Range: $8.658 - $12.000
Volume:
DEXE: 4.72M
USDT: $46.13M
Technical Indicators Overview
1️⃣ Parabolic SAR:
$7.523: Indicates strong bullish momentum as price remains significantly above the SAR level.
2️⃣ Bollinger Bands:
The price is nearing the upper Bollinger Band, suggesting a possible overbought condition but still indicating an ongoing uptrend.
3️⃣ MACD:
Positive crossover supports upward momentum.
🎯 Price Targets
1. Target 1: $10.927
Immediate resistance level, a breakout here could lead to further gains.
2. Target 2: $12.000
24h high and a key psychological barrier for profit-taking.
3. Target 3: $12.866
Strong bullish continuation level; sustained volume could push the price here.
Trading Strategy
Bullish View: Look for pullbacks to $8.988 or $9.000 to enter long positions. Targets are $10.927 and $12.000.
Bearish View: A break below $8.658 could lead to a retest of $7.523 (SAR support).
📈 Trend favors bulls, but monitor resistance at $10.927 carefully. Use stop-loss orders near $8.600 for risk management.
Trade wisely, and good luck! 🚀
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