$DEXE Short Setup — Resistance Testing, Momentum Fading.
$DEXE is approaching a major supply wall where bullish momentum may begin to weaken. Price is pushing into resistance, but the structure no longer shows the same clean expansion seen earlier in the move.
📉 Trading Plan — Short $DEXE (Max 10x)
Entry Zone: 12.09 – 12.71
Stop Loss: 13.5
Take Profit Targets:
TP1: 11.30
TP2: 10.30
TP3: 9.30
Market Insight:
The current rally appears increasingly stretched. Instead of strong continuation through resistance, price action is showing signs of exhaustion:
Upside momentum is slowing as price enters supply
Buyers are struggling to push beyond recent highs
Early signs of absorption suggest sellers are stepping in
Structure hints at a potential distribution phase
If this resistance zone holds firm, the likelihood increases for a rejection move, potentially triggering a broader pullback toward lower support levels.
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