$DXCM – Bearish Setup DevelopingDexCom, Inc.BATS:DXCMWavervanir_International_LLC📉 DXCM – Bearish Setup Developing DexCom (DXCM) took a major hit today after cutting revenue guidance by 12% to $1.2B. A 30% drop in user base triggered an 11% selloff, confirming structural weakness. Options flow shows strong bearish positioning: 🔻 3,000-lot block of Nov $65 puts traded, reinforcing downside pressure. Implied Volatility sits around 51.5%, signaling sustained volatility ahead. Chart Outlook (see attached): Price is breaking down from key levels and heading into lower demand zones. Institutional forecast models point toward a target near $49–50 (-26%) in the next 90 days. Sentiment models (WaverVanir DSS) show only a minor short-term bounce possible, but longer-term trajectory remains bearish. 📊 Key Levels: Resistance: $75 – $82 (supply zone) Support: $65 (near-term), $52 – $50 (major demand zone) Risk/Reward favors shorts into weakness. ⚠️ Bias: Strong Sell / Short Continuation Expect further downside with elevated volatility as the market reprices guidance and user metrics.