DEGOtoken

$DEGO /USDT PERP BEARISH PRESSURE RETURNS — FAILED BREAKOUT LEADS TO SHARP DROP!

$DEGO is trading at $1.85, down -7.97% in the past 24 hours after rejecting from the $2.0382 high and retracing toward a key support zone at $1.8072. With volume building at 2.45M DEGO and $4.78M USDT, selling pressure is starting to outweigh the recent bullish attempts. The current mark price is $1.8547, closely aligned with spot action.

Trade Setup:

Entry (Short): $1.86 – $1.89

Take Profit (TP): $1.78 / $1.70

Stop Loss (SL): $1.95

Market Outlook:
The rejection near the $2.04 level confirms resistance strength, and the failure to sustain above $1.90 has shifted momentum to the downside. A breakdown below $1.80 could trigger further selling toward $1.70.

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