๐จ I just opened a $40,000 short position on $DEXE ๐
This is a little risky trade.
The $22.8-$23.3 area is very important here. If buyers were still fully in control, price should have already reclaimed the recent highs. Instead, $DEXE is struggling below resistance while volume is cooling down. That usually happens when a trend starts losing strength.
For me, the key level is around $22. If that support starts breaking, I think $21 comes very fast. After that, $19.5-$18 becomes a realistic target because there isnโt much structure between those levels.
As long as $DEXE stays below the recent highs around $24.9, I think the risk/reward favors the short side.
Thatโs why Iโm bearish on DEXE here.
#altcoins
This is a little risky trade.
The $22.8-$23.3 area is very important here. If buyers were still fully in control, price should have already reclaimed the recent highs. Instead, $DEXE is struggling below resistance while volume is cooling down. That usually happens when a trend starts losing strength.
For me, the key level is around $22. If that support starts breaking, I think $21 comes very fast. After that, $19.5-$18 becomes a realistic target because there isnโt much structure between those levels.
As long as $DEXE stays below the recent highs around $24.9, I think the risk/reward favors the short side.
Thatโs why Iโm bearish on DEXE here.
#altcoins