$DEXE 15 minutes RSI drops to 7.3. Extremely oversold. I’ve seen this position too many times.
DEXE has been hammered from the high of 49.99 down to 32.96, a 34% drop. On the 4-hour chart, the EMA9/21/50 are all aligned bearishly, and price is trading below all moving averages. The 4-hour RSI is 33.2, already back into the oversold zone. MACD is -1.02, with the gap widening below the zero line—bear momentum is still there.
On the daily chart, RSI is 56.4, the intermediate trend hasn’t broken yet. But in the short term, this bearish candle has swallowed the gains from the previous four days—36.42 down to 32.74—within four hours it directly broke through multiple support levels. The 24-hour drop is 8.42%, and volume has expanded to 1.56 times the average, showing panic selling.
Support is at 32.74 (today’s low). If it can’t hold, watch 31.31 (the prior wick level). Resistance is at 36.42 (24-hour high); next is 37.14 (the prior rebound high).
Funding rate is 0.0015%, not extreme, but this oversold move has already shaken out a batch of short-term longs. This kind of oversold level doesn’t necessarily bounce immediately, but the risk-reward ratio is starting to look attractive.
Nini’s plan
Current price: 32.96
Bias: Slightly bullish
Execution conditions: Enter after the 15-minute RSI turns upward and a strong-volume bullish candle confirms
Entry range: 32.50–33.20
Stop loss: 31.20
Targets: 35.50 / 37.00 / 38.50
When it drops to the single-digit RSI zone, don’t buy the bottom—and don’t chase shorts either. Just wait and watch.
#DEXE #DEXEUSDT #Oversold rebound