$DEXE /USDT | 1H Analysis ๐
DEXE is bouncing off the 1.229 low, but the bigger trend is still down: lower highs, lower lows, and price below the MA(99).
Key levels
๐ด Resistance: 1.370โ1.385 (MA99 + breakdown zone)
๐ข Support: 1.294โ1.306, then 1.229
Scenarios
๐ป Rejection at 1.37โ1.38 โ likely a move back toward 1.30, then 1.23
๐บ 1H close above 1.385 with rising volume โ the lower-high structure breaks, and the bounce can extend
Bounce volume is thin, so I'm waiting for confirmation at resistance instead of chasing the middle of the range. Liquidity is low, so expect wicks.
Not financial advice. Always use a stop and manage your risk.
#DEXE #Binance #Crypto #TechnicalAnalysis
DEXE is bouncing off the 1.229 low, but the bigger trend is still down: lower highs, lower lows, and price below the MA(99).
Key levels
๐ด Resistance: 1.370โ1.385 (MA99 + breakdown zone)
๐ข Support: 1.294โ1.306, then 1.229
Scenarios
๐ป Rejection at 1.37โ1.38 โ likely a move back toward 1.30, then 1.23
๐บ 1H close above 1.385 with rising volume โ the lower-high structure breaks, and the bounce can extend
Bounce volume is thin, so I'm waiting for confirmation at resistance instead of chasing the middle of the range. Liquidity is low, so expect wicks.
Not financial advice. Always use a stop and manage your risk.
#DEXE #Binance #Crypto #TechnicalAnalysis
