$DEXE looks like a short, not a comeback story.
The reason this is happening now is simple: DeXe got pushed into the “altcoins to watch” crowd after a huge weekly run, open interest had already rebuilt into the move, and once price hit the overheated zone near recent highs, sellers hit it hard. The 24h drop that followed says the market is unwinding hype, not building a fresh base.
The chart agrees. The 15m blow-off into 15.2 was rejected fast, and the rebound since the 11.9 flush has been weak, flat, and unable to reclaim real control. On 4h, the bigger rejection from the 16 area still owns the structure.
Bias: Short
Entry: 12.55–12.90
SL: 13.35
TP1: 12.00
TP2: 11.45
TP3: 10.80
Late breakout buyers are the fuel here. If $DEXE cannot reclaim the post-dump supply zone, they become the ones paying for the next leg down.