It’s another day of scorching fire, tightening the hearts of countless people, and $DEXE đang is right within the sights of predators who want to catch a bottom or wait for an even deeper collapse.
The market is in a frustrating sideways phase. Looking at the 15-minute chart, price is trading around 1.8710, slightly below the MA(20) line at 1.8744 and the EMA(9) at 1.8751. Similarly, on the 1-hour timeframe, price is also struggling below the dynamic resistance zone: MA(20) at 1.8713 and EMA(9) at 1.8720.
In practical terms, the BEARS are still in control of the game, even though selling pressure isn’t overly strong. These MA/EMA indicators are acting like a wall that prevents any recovery momentum. If there isn’t a sudden influx of capital pushing the price through the 1.88 area, I believe the selling pressure will continue.
Below is my personal trading setup for this coin:
🔹 Position: LIGHT SHORT
🔹 Entry zone: 1.8750 - 1.8800 (Look for pullbacks up into EMA/MA resistance zones)
🔹 Take profit (TP): 1.8300 - 1.8000
🔹 Stop loss (SL): 1.9050 (If price breaks the hard resistance zone, I’ll accept exiting the game)
My view is that the selling side is still diligently looking for small pullback moves to add to their position. However, if price goes sideways for too long without collapsing, that’s a sign that supply is running out—at that point, I’ll flip the trade and switch to LONG.
And you—does this price zone represent an opportunity for everyone to accumulate, or just a deadly trap?
#Crypto #Trading #Altcoins
Note: This is my personal perspective, not investment advice. Trading always comes with risk (DYOR).
The market is in a frustrating sideways phase. Looking at the 15-minute chart, price is trading around 1.8710, slightly below the MA(20) line at 1.8744 and the EMA(9) at 1.8751. Similarly, on the 1-hour timeframe, price is also struggling below the dynamic resistance zone: MA(20) at 1.8713 and EMA(9) at 1.8720.
In practical terms, the BEARS are still in control of the game, even though selling pressure isn’t overly strong. These MA/EMA indicators are acting like a wall that prevents any recovery momentum. If there isn’t a sudden influx of capital pushing the price through the 1.88 area, I believe the selling pressure will continue.
Below is my personal trading setup for this coin:
🔹 Position: LIGHT SHORT
🔹 Entry zone: 1.8750 - 1.8800 (Look for pullbacks up into EMA/MA resistance zones)
🔹 Take profit (TP): 1.8300 - 1.8000
🔹 Stop loss (SL): 1.9050 (If price breaks the hard resistance zone, I’ll accept exiting the game)
My view is that the selling side is still diligently looking for small pullback moves to add to their position. However, if price goes sideways for too long without collapsing, that’s a sign that supply is running out—at that point, I’ll flip the trade and switch to LONG.
And you—does this price zone represent an opportunity for everyone to accumulate, or just a deadly trap?
#Crypto #Trading #Altcoins
Note: This is my personal perspective, not investment advice. Trading always comes with risk (DYOR).