Every bounce seems to face selling pressure at the same resistance zone.
🔴 $DEXE – SHORT SETUP
Trade Plan:
* Current Price: ~$1.475
* Entry Zone: $1.470 – $1.520
* Stop Loss: $1.620
* TP1: $1.400
* TP2: $1.320
* TP3: $1.220
DEXE is struggling to move higher after forming three lower highs on the 4H chart. Sellers continue to defend the $1.52–$1.62 resistance area, making it difficult for buyers to gain momentum.
The price is hovering around $1.475, while the EMA20 and EMA50 are acting as resistance. MACD is still in negative territory, and RSI around 41 suggests bearish momentum remains in control.
A break below $1.40 could open the door toward $1.32 and potentially $1.22. However, a move above $1.62 would weaken this bearish setup.
What’s your move?
Would you short another rejection near $1.52 or wait for a confirmed breakdown below $1.40?
👇 Follow the setup and trade carefully.
DYOR. Always manage your risk.
$DEXE
🔴 $DEXE – SHORT SETUP
Trade Plan:
* Current Price: ~$1.475
* Entry Zone: $1.470 – $1.520
* Stop Loss: $1.620
* TP1: $1.400
* TP2: $1.320
* TP3: $1.220
DEXE is struggling to move higher after forming three lower highs on the 4H chart. Sellers continue to defend the $1.52–$1.62 resistance area, making it difficult for buyers to gain momentum.
The price is hovering around $1.475, while the EMA20 and EMA50 are acting as resistance. MACD is still in negative territory, and RSI around 41 suggests bearish momentum remains in control.
A break below $1.40 could open the door toward $1.32 and potentially $1.22. However, a move above $1.62 would weaken this bearish setup.
What’s your move?
Would you short another rejection near $1.52 or wait for a confirmed breakdown below $1.40?
👇 Follow the setup and trade carefully.
DYOR. Always manage your risk.
$DEXE
