$DEGO 🚀 🚀BULL RUN 🔥 🔥
DEGO/USDT Trade Setup
Current Price: $1.925
24h Volume: $2.49M USDT (moderately high liquidity, supportive of short-term moves)
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Technical Analysis (Hypothetical Based on Provided Data)
1. Price Structure:
Trading near $1.925 suggests it's likely within a consolidation or minor retracement range if it recently had a pump.
Watch the $1.80 level as key support (psychological + round number).
Resistance expected around $2.10–$2.20, recent swing highs or psychological round levels.
2. Volume Analysis:
$2.49M 24h volume is healthy for a micro/mid-cap token like DEGO.
Rising volume on up-moves suggests bullish interest; declining volume on pullbacks indicates accumulation.
3. Indicators to Watch (Assumed Scenarios):
RSI near 50–60: Suggests a possible breakout ahead.
MACD crossover to the upside: Bullish confirmation.
200 EMA/MA support on 4H or Daily: Acts as trend support.
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Trade Plan
Setup Type: Breakout or Bounce
Option A: Breakout Trade
Entry: Above $2.05 (breakout from local range)
Target 1: $2.20
Target 2: $2.40
Stop-Loss: Below $1.90
Option B: Support Bounce Trade
Entry: Around $1.80–$1.85 support zone
Target 1: $2.00
Target 2: $2.20
Stop-Loss: Below $1.75
Risk-Reward Ratio:
Aim for at least 2:1 R:R
Size your position accordingly based on risk tolerance.