Trading Plan Short $DEXE
$DEXE got rejected hard at 2.22 resistance after a weak attempt to reclaim the EMA21.
Entry: $2.21-$2.24
Stoploss: $2.265
Targets: $2.16 / $2.11 / $2.05
DEXE saw a clear distribution wick on the 1H, smart money selling into retail longs who chased the minor bounce. Price is sitting below EMA21/50, and the BB width is contracting, signaling compression before a move. Taker sell volume is dominant. Funding is extremely negative, but OI is bleeding, suggesting shorts are already in profit and covering. Reclaim 2.24, short voided.
Trade $DEXE here 👇
$DEXE got rejected hard at 2.22 resistance after a weak attempt to reclaim the EMA21.
Entry: $2.21-$2.24
Stoploss: $2.265
Targets: $2.16 / $2.11 / $2.05
DEXE saw a clear distribution wick on the 1H, smart money selling into retail longs who chased the minor bounce. Price is sitting below EMA21/50, and the BB width is contracting, signaling compression before a move. Taker sell volume is dominant. Funding is extremely negative, but OI is bleeding, suggesting shorts are already in profit and covering. Reclaim 2.24, short voided.
Trade $DEXE here 👇