$DEXE This coin is #1 on today’s top gainers list. Let’s briefly analyze the logic. DEXE saw a sharp drop a few days ago, and it fell within a short period. I believe it likely trapped a batch of people. After DEXE’s drop here, its first bullish candle shows up, and the single-day volume is higher than the previous two days. This may mean that someone stepped in to buy the dip here, preventing further downside.

Another possibility is that the “dog庄” is selling the chips it holds to retail traders here, because the price is low. Typically, retail traders would buy the dip and “catch the bottom,” and then the “dog庄” sells on the other side.

There’s also another scenario: retail traders sell while the “dog庄” buys. To distinguish between these, you need to check a smaller timeframe chart. Then looking at the 4-hour chart here, it’s also continuous上涨, and the volume stays strong. But one thing is that the上涨 is especially short-lived. Here it’s more likely the “dog庄 sells while retail buys” situation, because it doesn’t show any pump-and-dump effect.

A “dog庄” that’s buying the dip won’t give others a chance. And here it’s just grinding—clearly the “dog庄” playbook: it gives the feeling that “it’s going to go up, everyone hurry in.” After the “dog庄” finishes buying the dip, it usually has a super big rebound. But here, it only exceeds the previous day’s volume. With how much it has dropped these days and how much volume came out, the “dog庄” probably isn’t planning to take over this coin. Other “dog庄” also won’t come in quickly—they’ll wait until the previous “dog庄’s” inventory is sold off about enough before stepping in to take the bag.

For the 1-hour timeframe, I’m not convenient to check here, so I used 15 minutes instead. On the 15-minute chart, it also hasn’t managed to break through the 4.6 resistance level above it. At this point, everyone must wait until there’s an extremely strong rally to enter. What you see looks like a clear rounded bottom, but until there’s a volume breakout, don’t enter. Everything here is set up to trap your money.

On the 15-minute chart, you need a strong upward move first, then you enter by buying back after the pullback. It must be a “pullback entry.” It will definitely pull back near 4.6, because it has been consolidating for a long time and there are many retail traders. Before it rises, it needs to shake them out—so the 15-minute move I drew didn’t happen. Until then, everyone should continue to watch from the sidelines.