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DEXE/USDT: Watch out for a dead cat bounce—don’t FOMO
DEXE is in a phase of very strong selling pressure after a sharp drop from its peak area. On the 1-hour time frame, the price is still moving below the SuperTrend line, indicating that the majority trend remains bearish. Although there appears to be a rebound from the US$3.6–4.0 area, this rise is not enough to confirm a trend reversal.
The MACD has started to show weakening in selling momentum, but the histogram has not yet supported a significant change in direction. As long as the price is unable to reclaim the resistance area of US$5.0–5.5, the rebound potential remains at risk of turning into a dead cat bounce.
Traders should wait for confirmation in the form of increasing buy volume and the formation of a higher low pattern before considering a buy position.
In high-volatility conditions like this, discipline in risk management and stop loss matters far more than chasing price bounces.
$DEXE
#DEXE #Crypto #Cryptocurrency #TradingCrypto #TechnicalAnalysis