In the previous analysis, we noted that $DEXE was preparing for an important move as price compressed around the long-term EMA99. That move is now starting to reveal itself.
On the 4H chart, DEXE has moved above the EMA99 near $1.91 and is trading around $2.02. The key question is no longer whether EMA99 will be broken, but whether the market can hold above it.
RSI is already around 87, showing strong momentum but also a very extended short-term move. Volume, however, remains below its recent averages, so the breakout still needs confirmation.
The $1.90–$1.92 area is now the key zone. If it holds as support during a pullback, the recent breakout becomes much more meaningful. $DEXE may finally be showing the important move that the previous structure was preparing for.
On the 4H chart, DEXE has moved above the EMA99 near $1.91 and is trading around $2.02. The key question is no longer whether EMA99 will be broken, but whether the market can hold above it.
RSI is already around 87, showing strong momentum but also a very extended short-term move. Volume, however, remains below its recent averages, so the breakout still needs confirmation.
The $1.90–$1.92 area is now the key zone. If it holds as support during a pullback, the recent breakout becomes much more meaningful. $DEXE may finally be showing the important move that the previous structure was preparing for.