THE BIGGEST PUMP IS THE BIGGEST TRAP.
$DEXE
has surged an astonishing 106.67% to $5.760. This is a massive move, but I have seen this exact pattern destroy retail traders countless times. The RSI on the hourly chart has shot up to 94, which is one of the most extreme overbought readings I have ever seen. Anything above 90 is considered dangerously overbought, and 94 is borderline parabolic. The last time I saw an RSI above 90 on a daily pump, the coin crashed 60% within 48 hours. The trading volume is also starting to decline while the price is still climbing, which is a classic bearish divergence. The order book is showing a massive sell wall stacked at $5.800, suggesting that sellers are preparing to offload their positions. The candlestick on the 4-hour chart is forming a shooting star pattern, which is a powerful reversal signal. I am observing that the probability of a sharp pullback is extremely high at these levels. If the price fails to break above $5.800, I think we could see a drop toward $4.500. What is your take on DEXE right now?
$DEXE
has surged an astonishing 106.67% to $5.760. This is a massive move, but I have seen this exact pattern destroy retail traders countless times. The RSI on the hourly chart has shot up to 94, which is one of the most extreme overbought readings I have ever seen. Anything above 90 is considered dangerously overbought, and 94 is borderline parabolic. The last time I saw an RSI above 90 on a daily pump, the coin crashed 60% within 48 hours. The trading volume is also starting to decline while the price is still climbing, which is a classic bearish divergence. The order book is showing a massive sell wall stacked at $5.800, suggesting that sellers are preparing to offload their positions. The candlestick on the 4-hour chart is forming a shooting star pattern, which is a powerful reversal signal. I am observing that the probability of a sharp pullback is extremely high at these levels. If the price fails to break above $5.800, I think we could see a drop toward $4.500. What is your take on DEXE right now?