$DEXE /USDT: Distribution or Just Another Bounce? 📉
While most traders are focusing on the recent recovery, the 4H chart is showing signs that sellers may be gaining control. Price is approaching a resistance area where bearish pressure could increase if buyers fail to break higher.
🔹 Trade Plan (Short)
Entry: 2.207321 – 2.216679
Stop Loss: 2.356360
🎯 TP1: 2.103730
🎯 TP2: 2.031550
🎯 TP3: 1.923280
Why this setup?
The 4H trend favors the bears, suggesting momentum is shifting lower.
The 1D timeframe remains range-bound, increasing the chance of a rejection from resistance.
The 15m RSI is around 60, showing bullish momentum is present but not yet overextended.
ATR indicates healthy volatility, which could support a strong move if the range breaks.
A rejection from the entry zone could open the path toward the downside targets.
Risk Reminder This is a trading idea, not financial advice. Always use a stop loss, manage your position size carefully, and wait for confirmation before entering the trade.
Question for Traders 👇 Do you expect DEXE to reject from this resistance and continue lower, or will buyers push for another breakout? Share your view below. 🚀📊#KoreaMarginHikeCutsLeveragedETFTrading #PalantirJumps10%OnQ2Beat
While most traders are focusing on the recent recovery, the 4H chart is showing signs that sellers may be gaining control. Price is approaching a resistance area where bearish pressure could increase if buyers fail to break higher.
🔹 Trade Plan (Short)
Entry: 2.207321 – 2.216679
Stop Loss: 2.356360
🎯 TP1: 2.103730
🎯 TP2: 2.031550
🎯 TP3: 1.923280
Why this setup?
The 4H trend favors the bears, suggesting momentum is shifting lower.
The 1D timeframe remains range-bound, increasing the chance of a rejection from resistance.
The 15m RSI is around 60, showing bullish momentum is present but not yet overextended.
ATR indicates healthy volatility, which could support a strong move if the range breaks.
A rejection from the entry zone could open the path toward the downside targets.
Risk Reminder This is a trading idea, not financial advice. Always use a stop loss, manage your position size carefully, and wait for confirmation before entering the trade.
Question for Traders 👇 Do you expect DEXE to reject from this resistance and continue lower, or will buyers push for another breakout? Share your view below. 🚀📊#KoreaMarginHikeCutsLeveragedETFTrading #PalantirJumps10%OnQ2Beat