【$DEXE Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market

$DEXE The 1H timeframe, after experiencing a volume surge, is currently consolidating at a high level, with a pullback to the EMA20(1H) around 2.722 providing support. The 4H timeframe has already broken through the previous oscillation zone upper boundary, forming an upward trend. The current candlestick closes above EMA20(4H) at 2.564, indicating a healthy bullish structure. Negative funding rate (-0.0072%) combined with rising prices suggests potential short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 2.830 - 2.845 (Reason: 1H EMA20 support zone, also the 0.382 Fibonacci retracement level of the previous rally )

🛑Stop loss: 2.760 (Reason: Break below the previous 1H low and EMA50 support, ATR(14) is approximately 0.098, making the stop loss reasonable )

🚀Target 1: 2.950 (Reason: Previous high resistance level, also the high point of the previous 1H wave )

🚀Target 2: 3.050 (Reason: Daily timeframe previous high resistance zone, risk-reward ratio >1.5 )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Current RSI(1H) is 73.29, entering overbought territory, so short-term correction risk must be considered )

- Execution strategy: After reaching 2.950, reduce position by 50% and lock in some profits, move the remaining stop loss up to the entry price of 2.845. If the price strongly breaks through 2.950 and stabilizes, hold the remaining position towards 3.050.

Deep logic: Order book data shows a depth imbalance of -20.90%, with a large number of sell orders accumulating in the 2.855-2.860 range(3228U). Breaking through this zone could trigger stop-loss orders from shorts, accelerating the upward move. Open interest(OI) remains stable during the price increase, indicating that the move is not solely driven by short covering, and new long funds may be entering. Although the 1H RSI is high, no bearish divergence is observed, and momentum remains. Coupled with the negative funding rate, the main force's support or short squeeze logic is valid.

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