$DEXE Breakout from Key Resistance, Downward Pressure Building 📉
Short Trading Plan for DEXE (10x)
👉Entry: 12.30 – 12.80
SL: 13.20
TP1: 12.00
TP2: 11.50
TP3: 10.90
DEXE has broken below the key resistance zone after a period of consolidation. The price failed to hold the support levels above, and volume increased during the down sessions, a sign of downward pressure building and likely to continue.
The stop loss is placed at 13.20, a relatively clean level, above the broken resistance zone. If it gets swept, no regrets. If the price continues to weaken, targets of 12.00 → 11.50 → 10.90 are entirely feasible.
The gap between entry and stop loss is quite wide (~3-7%). Divide your capital and manage risk well. The targets are far apart, so be patient and take profits gradually.
The structure has been broken, will the downward pressure continue? Have you entered yet? Comment to discuss!