📊 Trade Setup — SHORT $DEXE
📍 Entry Zone: 7.55 – 7.75
🛑 Stop Loss: 8.05
🎯 Take Profit Targets:
• TP1: 7.25
• TP2: 6.95
• TP3: 6.60
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🔎 Technical Insight
• Rejection near highs → supply zone holding
• Likely lower high formation on lower timeframe
• Momentum fading → sellers stepping in
• Targets align with previous demand zones
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⚖️ Key Scenarios
🔴 Bearish Continuation (Primary):
• Price stays below 7.75–8.00
• Gradual move down toward 7.25 → 6.60
🟢 Invalidation:
• Break above 8.05
• Could trigger short squeeze → continuation up
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⚠️ Execution Tip
👉 Wait for confirmation:
• Rejection wick
• Weak bounce
• Lower high formation
Avoid shorting if price is already dropping fast into support.
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💡 Trader Insight
This is a reaction short, not a full trend reversal call.
👉 Expect:
• Controlled drop
• Bounces at each TP level
