【$DEXE Signal】Long! 1H strong breakout, funding squeeze initiated

$DEXE The 1H timeframe just saw a volume breakout above the previous high of 2.85, creating a new intraday high with strong momentum. The 4H chart has closed positive for several consecutive periods, breaking through the previous consolidation zone, indicating a bullish trend. Price surged 14.94% while open interest remained stable. Combined with negative funding rates, a typical short squeeze scenario is unfolding.

🎯Direction: Long (Long)

🎯Entry/Order: 2.840 - 2.845 (Reason: Near current price, above the strong support zone of 1H EMA20)

🛑Stop Loss: 2.760 (Reason: Break below the 1H bullish candle start point and EMA50 support)

🚀Target 1: 2.950 (Reason: Previous wave high and psychological round number)

🚀Target 2: 3.050 (Reason: Resistance area at the daily chart high)

🛡️Trade Management:

- Position Size: Standard lot (Reason: Multi-timeframe resonance, clear momentum)

- Execution Strategy: After reaching 2.950, reduce position by 50% to lock in profits, and move stop loss up to entry price of 2.845. Remaining position aims for higher targets; if price retraces and breaks below the trailing stop, exit all.

Deep Logic: 1H RSI hits 78, in strong zone but not severely overbought, still room to rise. Order book shows sparse sell orders above 2.85, only thin walls, so breaking through opens upward space. Key data: negative funding rate (-0.0201%) + price increase + stable OI = classic short squeeze structure. Buy orders are concentrated in the 2.83-2.84 range, providing immediate support. Market logic suggests “price rising, main players entering or shorts getting squeezed,” with the latter more likely, and short covering will push prices higher.

View real-time quotes 👇 $DEXE

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