$DEXE /USDT Technical Analysis:
Current Price: $11.14
24h High: $13.758
24h Low: $11.039
Price Change: -15.72% (Bearish Momentum)
Key Technical Levels:
1. Support Levels:
First Support: $11.039 (24h Low)
Second Support: $10.50 (Previous support level)
2. Resistance Levels:
First Resistance: $12.00 (Recent price rejection point)
Second Resistance: $12.75 (Minor resistance)
Third Resistance: $13.758 (24h High)
Trade Signal:
Sell Signal: Given the bearish momentum with a -15.72% price decrease, consider entering a short position if the price remains below $12.00, targeting further downside.
Stop Loss: Set a stop loss above $13.00 to protect against a reversal.
Target Levels:
1. Target 1: $11.039 (24h Low)
2. Target 2: $10.50 (Previous support)
3. Target 3: $9.80 (Major support)
Trade Momentum:
The market is experiencing strong bearish momentum with a -15.72% price drop. The trading volume for DEXE is 641,450.89, with a corresponding 24h USDT volume of 7.76 million, showing active selling pressure in the market.
Conclusion:
Bearish Trade: Enter a short position below $12.00, targeting $11.039, $10.50, and potentially $9.80.
Bullish Risk: If the price breaks above $13.00, the trend could shift, and caution is advised.