【$DEXE Signal】Short squeeze continues, targeting 1H pullback confirmation

$DEXE After a strong breakout at the 1H level, the price consolidates at high levels. RSI is overbought but the price refuses to deepen the correction, typical of a short squeeze. The 4H level has broken the downtrend line, establishing a bullish structure. Open interest remains stable, price rises while positions do not decrease, indicating clear main force support. Currently, it’s not suitable to chase higher; wait for a healthy 1H pullback.

🎯Direction: Long (Long)

🎯Entry/Order: 2.88 - 2.90 (Reason: 1H EMA20 dynamic support zone + median of previous hour’s candlestick body )

🛑Stop loss: 2.76 (Reason: Break below previous 4H candlestick low + ATR14(1x distance )

🚀Target 1: 3.05 )Reason: Previous high resistance at the daily level (

🚀Target 2: 3.20 )Reason: 1.618 Fibonacci extension of this round of rally at the 4H level (

🛡️Trade management:

- Position suggestion: Light position )Reason: 1H RSI is overbought, high risk to chase, wait for a pullback (

- Execution strategy: Place a pending order to enter. If filled, reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2.

Deep logic: The order book shows sell orders stacked around 2.93-2.94, forming short-term resistance. But buy orders below are still substantial; the order book imbalance of -3.27% is within normal range. Key is whether the 1H level can stabilize above EMA20)2.79(. If it stabilizes, a new upward continuation is formed. Funding rate is only 0.001%, indicating no excessive selling pressure, which favors the continuation of the short squeeze.

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