DEXEUSDT is currently exhibiting a bullish divergence on the 1-hour (1H) time frame, followed by a sequence of higher highs (HH) and higher lows (HL). This pattern suggests the potential for a bullish continuation in the market.
Here's a concise technical analysis along with a suggested trading strategy:
Entry: Consider entering a long position at the current market price (CMP) of 3.45.
Stop Loss (SL): Implement a stop loss order at 3.19 to effectively manage risk.
Take Profit (TP): Set a take-profit level to achieve a 1:1 risk-reward ratio:
TP1 = 3.71
This trading strategy aims to capitalize on the anticipated bullish continuation. Keep a close eye on the market for any changes in price action and be prepared to adjust the strategy accordingly.
Here's a concise technical analysis along with a suggested trading strategy:
Entry: Consider entering a long position at the current market price (CMP) of 3.45.
Stop Loss (SL): Implement a stop loss order at 3.19 to effectively manage risk.
Take Profit (TP): Set a take-profit level to achieve a 1:1 risk-reward ratio:
TP1 = 3.71
This trading strategy aims to capitalize on the anticipated bullish continuation. Keep a close eye on the market for any changes in price action and be prepared to adjust the strategy accordingly.