A pullback like this is exactly what the market needs. After a sharp move, things get overheated — liquidity builds up, late longs pile in, and that’s when the market resets. This kind of short liquidation shows that weak hands are getting flushed out, and honestly, that’s healthy. It clears the path for a more stable move instead of a fragile pump.

I’m watching how $DEXE is reacting around this zone after that $1K+ short liquidation at $11.54. It’s not a massive number, but it tells me there’s activity — positions are being forced out, and volatility is waking up. They’re building strength slowly, not rushing, which is usually a better sign than impulsive spikes.

Right now, I’m focusing on a potential trade setup:

Entry Zone: $11.20 – $11.60

Target 1: $12.20

Target 2: $13.00

Stop Loss: $10.70

This zone stands out to me because it lines up with a previous support area where price reacted before pushing higher. I’ve seen buyers step in here in the past, and it’s also sitting around a key retracement region from the last upward move. That combination usually creates a strong reaction area — either a bounce or a clear breakdown.

If this level holds, I’m expecting continuation toward the upside targets. The structure still looks intact, and the market isn’t showing panic — just controlled movement. If we start seeing higher lows forming here, that’s confirmation they’re building strength.

But if this zone fails cleanly, I won’t fight it. That’s why the stop is there — to stay disciplined.

For now, I’m watching closely. This is one of those spots where the next move gets decided.

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