$DEXE rejected from the 7.72 with 1H SAR flipping bearish while D & 4H sit at extreme overbought levels.
trade plan: short $DEXE
entry: 7.44 to 7.58
stop loss: 7.80
targets
tp1: 7.15
tp2: 6.85
tp3: 6.50
move sl to entry after tp1.
click 👇 and short $DEXE
Daily Stoch RSI is pinned at 100 with price extended well above the upper Bollinger Band at 7.3592, which is a textbook exhaustion signal after a near vertical run. The 4H is equally overbought at 92 to 97 on Stoch RSI with price tagging the upper band at 7.4839 and starting to reject. On the 1H, SAR has already flipped bearish at 7.7172 and Stoch RSI dropped to 5.47, confirming short term selling pressure is building from the 7.7260 swing high. A 1H close below 7.4389 EMA7 confirms the short trigger. The main risk is a news driven spike reclaiming 7.7260, which would invalidate the setup entirely.
risk max 1 to 2%.