The Deadly Double Circle on DEXE/USDT: Is a collapse coming or the great bearish trap? 📉⚠️
$DEXE The crypto market offers no respite, and the charts speak for themselves. If you’re trading DEXE/USDT (4h timeframe), it’s essential to stop what you’re doing and closely examine this technical behavior. The formation of extreme compression patterns is setting off every alarm.
Key Points of the Analysis:
🔄 The "Lenses" Pattern or Extreme Compression: After the violent bullish move and the subsequent massive drop from the 46,930 area down to a bottom near 1,560, the Bollinger Bands and the EMAs (7, 25 and 99) began contracting in a near-millimeter fashion. This visual close simulates a “double circle” or high-tension lenses.
⚠️ High Probability of Breakout (Squeeze): The current compression signals a temporary drought in volatility. In technical analysis, this tense calm is the prelude to an explosive move. With the longer moving averages exerting greater upward pressure, the risk of a bearish breakdown is imminent.
🛑 Warning for Traders: Don’t be fooled by the apparent calm in the 2,763 zone. A break below the current supports could trigger a new phase of deep correction. Patience and risk management are your best allies right now in this critical moment.
$DEXE
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