DEXEUSDT trade is based on price action. DEXE has shown a bullish divergence on the 1-hour timeframe RSI, indicating a potential reversal in the making. This bullish divergence has been followed by the forming of higher highs (HH), which further supports the bullish sentiment.
For entry, the plan is to buy when DEXE comes to make a higher low (HL). To optimize the entry, you can place a buy limit order at the 0.382 Fibonacci retracement level, which is at $2.325. This method uses a strategic price level to enter the trade.
To manage risk, a stop loss (SL) is set at $2.245. This SL level is designed to protect against potential adverse price movements.
The initial target for this trade is set at a 1:1 risk-reward ratio, meaning that the potential reward matches the risk associated with the trade.
Given the dynamic nature of the market, it's essential to stay well-informed and conduct thorough research before making any trading decisions
For entry, the plan is to buy when DEXE comes to make a higher low (HL). To optimize the entry, you can place a buy limit order at the 0.382 Fibonacci retracement level, which is at $2.325. This method uses a strategic price level to enter the trade.
To manage risk, a stop loss (SL) is set at $2.245. This SL level is designed to protect against potential adverse price movements.
The initial target for this trade is set at a 1:1 risk-reward ratio, meaning that the potential reward matches the risk associated with the trade.
Given the dynamic nature of the market, it's essential to stay well-informed and conduct thorough research before making any trading decisions
Trade closed: target reached