$DEXE This trend is simply a textbook-level demonstration of sit-ups in the ICU. It crashed from 50 down to 1.2, and has rebounded to 2.9—seemingly a doubling, but in reality it’s still pacing at the ICU entrance. After a cliff-like selloff, such rebounds are often the main force rescuing themselves or luring in buyers, not a true reversal.
Market outlook
In the short term, a rebound into the 3.2–3.5 range will likely face strong resistance (from previously densely trapped positions). If it can’t break through on increased volume, it will most likely probe back down toward the 2.5–2.6 support zone again. The daily-level downtrend line is still clearly suppressing price; the current rebound is more like a dead-cat bounce.
Strategy advice
Direction: focus on shorting from higher levels, with occasional long entries as a supplement (betting on a rebound is extremely risky). Levels: on a rebound to around 3.3–3.5, try a small short position; stop-loss at 3.8; target a return to 2.6–2.8.
Don’t be fooled by the “doubling.” This coin is a meat grinder. It’s better to miss than to make a mistake. Preserve your principal, and only act when the trend becomes clear.
Market outlook
In the short term, a rebound into the 3.2–3.5 range will likely face strong resistance (from previously densely trapped positions). If it can’t break through on increased volume, it will most likely probe back down toward the 2.5–2.6 support zone again. The daily-level downtrend line is still clearly suppressing price; the current rebound is more like a dead-cat bounce.
Strategy advice
Direction: focus on shorting from higher levels, with occasional long entries as a supplement (betting on a rebound is extremely risky). Levels: on a rebound to around 3.3–3.5, try a small short position; stop-loss at 3.8; target a return to 2.6–2.8.
Don’t be fooled by the “doubling.” This coin is a meat grinder. It’s better to miss than to make a mistake. Preserve your principal, and only act when the trend becomes clear.