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【$DEXE Signal】Short | 1H rebound hits resistance, 4H bears dominate
$DEXE The rebound to the 4.19 resistance zone faces resistance. 1H RSI is 67.7, and buying pressure is weakening. 4H MACD forms a golden cross but RSI is only 28.5—after oversold repair, the bears regroup and build momentum again. The depth shows the order book is balanced, with funding rate at -0.0729%, and the bears’ open interest cost is low. At this level, the risk-reward ratio is 1.5. It’s worth wagering on a continued dip.
🎯 Direction: short
⚡ Entry/Limit order: 4.18640 - 4.19900
🛑 Stop loss: 4.24099
🚀 Target 1: 4.13601
🚀 Target 2: 4.10452
🛡️ Trade management:
- Execution plan: After reaching target 1, cut 50% of the position, and move the stop loss up to breakeven. If the price falls back to the entry zone, exit automatically to protect principal.
The 4H Bollinger Band midline at 3.48 acts as a forward support, but for the short term, the 1H candlesticks have continuously shown long upper wicks, indicating clear sell pressure. In this kind of scenario with negative funding rate and stable OI, short-term short setups need to watch the stop loss closely; if it breaks, exit quickly.
View live market 👇 $DEXE
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