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The phoenix rose from 2.47. Now it's crashing back to earth." 🔥
DEXE exploded from 2.47 to 3.57, but the rejection at 3.57 was brutal. Now it's back to 3.18, the volume is fading, and the 25 EMA is still below the 99. This was a dead cat with a rocket strapped to it — and the rocket just ran out of fuel.
If 3.10 breaks, we drop to 2.90.
My short trade:
Entry: 3.18 (current)
SL: 3.40
Targets: 3.05 / 2.90
The resurrection is over. I'm shorting the funeral.
#DEXE $DEXE