$DEXE Just now, DEXE is really strong—within just a dozen minutes it once surged up to 17.8%. Its year-to-date cumulative gain has already exceeded 770%. Technically, the breakout has been confirmed: the price has moved above the 50/200-day moving averages, and the structure is still bullish.
But honestly, around the 40 area feels a bit awkward. The stock has already risen more than 7x within the year, and profit-taking positions are thick—on the chart, double-top signals are starting to show. The 1-hour RSI is already at 86; it’s clearly overbought. Chasing in here could easily get you trapped halfway up the mountain.
My trading approach:
If you’re thinking of entering from the sidelines, don’t hard push at 40—wait for a pullback to 38–40 and try a small position.
If you want to short, it’s only suitable for very short-term tactical trades, with a strict stop-loss if it moves above 44.
Recent news flow: I haven’t seen any substantial negative catalysts. The AI + on-chain DAO sector is still hot; however, there are no new major positive catalysts to justify continued aggressive rallies.
⚠️ The above is only my personal review and does not constitute investment advice