【$DEXE Signal】1H Breakout and Pullback Confirmation, Main Force Supports the Market, Sniping Short Squeeze

$DEXE The 1H timeframe is strongly oscillating above the EMA20, just completing a test of the previous high at 2.96. The 4H timeframe has broken through the downward trendline, forming a clear upward structure. Price rally accompanied by stable open interest indicates main force entering the market, a typical sign of a short squeeze, and volatility is about to increase.

🎯Direction: Long (Long)

🎯Entry/Order: 2.91 - 2.92 (Reason: 1H EMA20 dynamic support zone, also the Fibonacci 0.382 retracement level of the previous rally )

🛑Stop Loss: 2.85 (Reason: Break below the 4H bullish breakout candle low at 2.831, which is also a key support at EMA50 )

🚀Target 1: 3.05 (Reason: Daily resistance level )

🚀Target 2: 3.20 (Reason: 1.618 Fibonacci extension from 2.83 on the 1H timeframe )

🛡Trade Management:

- Position Size Recommendation: Standard Position (Reason: 4H and 1H trend resonance, risk-reward ratio >2 )

- Execution Strategy: After entering, if the price quickly surges to around 2.98 and encounters resistance, partially reduce positions. After reaching Target 1, move the stop loss to the entry price. Remaining positions aim for Target 2.

Deep Logic: Open interest remains stable during the price increase, indicating it’s not just a pure short squeeze but also active long capital absorption. The 1H RSI is strongly consolidating near 70 without divergence. Market depth shows buy orders stacking in the 2.90-2.91 range (over 6000 coins accumulated), providing strong support. Funding rate is only 0.0044%, indicating no overheating risk and leaving room for a short squeeze. The current price is consolidating at a high intraday level, preparing for a breakout.

View real-time market 👇 $DEXE

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