$DEXE recently swept local liquidity to the upside, liquidating roughly $2.16K worth of short positions around the $2.46148 level.
From a structural standpoint, this move represents a classic liquidity grab above key resistance. When early short sellers get forced out, the resulting forced buying often fuels a short squeeze, giving buyers temporary momentum. The push higher pushed price action directly into immediate resistance territory, where the market is now testing supply absorbency.
Looking ahead, technical upside targets sit near $2.48609, $2.51071, and $2.53532. Achieving these levels hinges on whether bulls can flip the $2.46 region into support or if sellers step back in to absorb the remaining buy volume.
Market participants should monitor price reaction closely near these expansion levels. Chasing price right after an upside liquidity sweep can be risky, so waiting for confirmation of structural acceptance or a clean retest remains the safer play. Always manage position sizing properly and adapt to changing market conditions.$HEMI
$LIGHT
From a structural standpoint, this move represents a classic liquidity grab above key resistance. When early short sellers get forced out, the resulting forced buying often fuels a short squeeze, giving buyers temporary momentum. The push higher pushed price action directly into immediate resistance territory, where the market is now testing supply absorbency.
Looking ahead, technical upside targets sit near $2.48609, $2.51071, and $2.53532. Achieving these levels hinges on whether bulls can flip the $2.46 region into support or if sellers step back in to absorb the remaining buy volume.
Market participants should monitor price reaction closely near these expansion levels. Chasing price right after an upside liquidity sweep can be risky, so waiting for confirmation of structural acceptance or a clean retest remains the safer play. Always manage position sizing properly and adapt to changing market conditions.$HEMI
$LIGHT
