Long and Short Entry Strategy in $DEGO
Enter Long:
Long Entry Price: Around 1.80 - 1.82 if the price maintains this level or slightly tests the support near 1.80.
If the price remains stable around this area, then a long position can be opened with a target towards 1.90 - 1.95 (close to the 24-hour high).
Stop Loss: Below 1.75 if the price moves down.
Enter Short:
Short Entry Price: If the price rises to around 1.85 - 1.90 and starts to show signs of reversal (for example, decreasing volume or the RSI indicator shows overbought), then a short position can be opened.
Short price target: 1.70 - 1.75 as the next support area.
Stop Loss: Above 1.95 if the price continues to rise.
Summary:
Long Entry: Around 1.80 - 1.82, target 1.90 - 1.95.
Short Entry: Around 1.85 - 1.90, target 1.70 - 1.75.