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【$DEXE Signal】Pullback to go long / Trend continuation
$DEXE 1H RSI soared to 81, indicating short-term overbought buying momentum. The 4-hour chart strongly broke above the upper Bollinger Band, and the price has moved away from the dense moving average zone. Open interest remains stable, and funds have not exited massively after the rally, indicating a clear main force support intention.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: Layered entries in the 7.405 - 7.555 range
🛑Stop loss: Below 7.405
🚀Target 1: 8.154
🚀Target 2: 8.453
🛡️Trade management:
- Execution strategy: After the price hits the first target, reduce half of the position and move the stop loss to the entry price. Hold the remaining position for the second target. If the price pulls back and breaks below the average entry price, exit unconditionally.
The 4-hour MACD histogram continues to expand, indicating healthy upward momentum. Market data shows that sell orders are heavily stacked above 8.16, forming short-term resistance. However, strong buy support exists in the 7.40 to 7.55 range, which was a previous breakout zone with high trading density and is also supported by the 1-hour EMA50 dynamic support. The current risk-reward ratio exceeds 4:1, making it worthwhile to take a small risk to bet on trend continuation.
View real-time market 👇 $DEXE
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