๐ What can we expect from DEXE/USDT?
Based on the chart, the coin is trading at 1.895 USDT on the 1-hour timeframe, and there is a possibility of continued upward movement, but the price is approaching an important resistance zone.
๐ Technical analysis
Current price: $1.895
First resistance: $1.914
Second resistance: $1.930โ$1.935
First support: $1.885
Second support: $1.860
Strong support: $1.835
๐ Scenario 1: Continued upward movement
If the price breaks above 1.914$ and closes above it with an increase in trading volume, it could target:
๐ฏ First target: $1.930
๐ฏ Second target: $1.950
๐ฏ Third target: $1.980
๐ Scenario 2: Downward movement
If the price fails to break through resistance and falls below $1.885, it could retreat to:
$1.860
$1.835
โ Summary
My expectation: Short-term volatility with a chance of moving higher, provided the price breaks above $1.914.
However, there is no confirmation of an upward move yet, and the daily analysis points to bearish pressure despite improvements in some short-term indicators. ๏ฟฝ
en.coinotag.com
My advice: Donโt enter a buy position just because the price is rising; wait for a breakout and confirmation, and set an appropriate stop-loss.
Based on the chart, the coin is trading at 1.895 USDT on the 1-hour timeframe, and there is a possibility of continued upward movement, but the price is approaching an important resistance zone.
๐ Technical analysis
Current price: $1.895
First resistance: $1.914
Second resistance: $1.930โ$1.935
First support: $1.885
Second support: $1.860
Strong support: $1.835
๐ Scenario 1: Continued upward movement
If the price breaks above 1.914$ and closes above it with an increase in trading volume, it could target:
๐ฏ First target: $1.930
๐ฏ Second target: $1.950
๐ฏ Third target: $1.980
๐ Scenario 2: Downward movement
If the price fails to break through resistance and falls below $1.885, it could retreat to:
$1.860
$1.835
โ Summary
My expectation: Short-term volatility with a chance of moving higher, provided the price breaks above $1.914.
However, there is no confirmation of an upward move yet, and the daily analysis points to bearish pressure despite improvements in some short-term indicators. ๏ฟฝ
en.coinotag.com
My advice: Donโt enter a buy position just because the price is rising; wait for a breakout and confirmation, and set an appropriate stop-loss.