🚨 Most traders are waiting for a breakout on
$DEXE ... but I think the real opportunity is already here.
After a strong rally,
$DEXE has entered a prolonged consolidation. Instead of seeing continuation, I'm watching for signs that buyers are losing momentum.
📉 Short Trade Setup
🔴 Entry: $34.90–35.20
🎯 Target: $32.12
🛑 Stop Loss: $36.19
📊 Why I'm bearish
✅ Price is struggling to break above the consolidation range.
✅ Multiple rejections suggest sellers are defending resistance.
✅ Risk-to-reward favors a short if the range breaks lower.
⚠️ What would invalidate this setup?
If
$DEXE breaks above $36.19 and confirms a bullish Change of Character (CHoCH) with a strong close above resistance, I'll invalidate this short setup and wait for a new opportunity.
Would you short here, or are you expecting a breakout to the upside? 👇
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