$DEXE This coin is No.1 on today’s biggest gainers list. Let’s briefly work through the logic: DEXE saw a sudden crash a few days ago, and it happened within a short time. I believe this likely trapped a batch of people.

Here, after DEXE dropped, the first green candle appeared, and the single-day volume was higher than the previous two days. It’s possible that someone is buying the dip here, which prevented any further selloff. Another possibility is that the “dog whale” is selling the chips it holds to retail users—because this is a low-priced area, retail will generally buy the dip and come in, and then the dog whale sells on the other side.

There’s also the scenario where retail sells and the dog whale buys. To distinguish between these, you need to look at a smaller timeframe chart.

Then look at the 4-hour chart: it also shows consecutive gains, and the volume has remained very strong. But one thing is that the rallies are all extremely short. Here, it’s more likely to be the “dog whale sells, retail buys” case, because there’s no evidence of a pump. If the dog whale is buying the dip, it won’t give others any opportunity. And everything here is sluggish and dragging on—clearly the dog whale’s usual playbook. It creates the feeling that “it’s going up,” so everyone rushes in. After the dog whale finishes buying the dip, it usually sees an extremely large rebound—but here it only exceeds the volume of the previous day.

With how much it has dropped these past few days and all this volume, the dog whale doesn’t seem to plan to take over this coin. Other dog whales probably won’t rush in either—they’ll wait until the previous dog whale’s inventory has been sold off enough before coming in to take the bag.

On the one-hour chart, I’m not convenient to look, so I used the 15-minute chart instead. On the 15-minute chart, it hasn’t broken through the 4.6 resistance level, and it hasn’t gone above 4.6. This level is something everyone must wait for: you must enter only after an extremely strong breakout.

From the chart, it looks like a very obvious rounded-bottom pattern. But before there’s increased volume, don’t enter—this is all set up to trap your money. The 15-minute chart needs to show a powerful upward move, and then you enter on the pullback. You must enter on the pullback. It will pull back to around 4.6, because it has been consolidating for a long time and there are many retail holders. Before it goes up further, it needs to “shake them off the ride,” so this pattern wouldn’t be like what I drew.

Since it hasn’t appeared yet on the 15-minute chart, everyone should keep watching from the sidelines.