🩸 DEXE: Dead Cat Bounce or Trend Reversal? 🤔
$DEXE In just one day, after a massive drop, it has rebounded by about 35%+. But the trend doesn’t change just because the price goes up.
📊 Chart observations:
🔻 The long-term trend is still Bearish.
📉 Price is still below key Moving Averages.
📦 Volume has increased, so volatility is higher.
⚠️ RSI is rising from around 20, which means an Oversold Bounce could be happening.
🎯 What will I look for? ✅ Whether a Higher Low is formed. ✅ Whether it can hold strong Support. ✅ Whether it breaks Resistance and closes with Volume.
💡 Lesson:
Oversold doesn’t automatically mean Buy. It’s safer to make decisions after confirmation.
❓In your opinion, is this just a Dead Cat Bounce, or can a new Uptrend start from here?
#DEXE #DEXEUSDT #Crypto #BinanceSquare #Trading #PriceAction #TechnicalAnalysis #DYOR
$DEXE $BTC
$DEXE In just one day, after a massive drop, it has rebounded by about 35%+. But the trend doesn’t change just because the price goes up.
📊 Chart observations:
🔻 The long-term trend is still Bearish.
📉 Price is still below key Moving Averages.
📦 Volume has increased, so volatility is higher.
⚠️ RSI is rising from around 20, which means an Oversold Bounce could be happening.
🎯 What will I look for? ✅ Whether a Higher Low is formed. ✅ Whether it can hold strong Support. ✅ Whether it breaks Resistance and closes with Volume.
💡 Lesson:
Oversold doesn’t automatically mean Buy. It’s safer to make decisions after confirmation.
❓In your opinion, is this just a Dead Cat Bounce, or can a new Uptrend start from here?
#DEXE #DEXEUSDT #Crypto #BinanceSquare #Trading #PriceAction #TechnicalAnalysis #DYOR
$DEXE $BTC
