$DEGO Technical Analysis & Short Liquidation Insight
A sharp short liquidation of $1,546.7 has occurred at the $2.780 level on DEGO, signaling a critical turning point in market sentiment. This liquidation suggests that bears are getting squeezed, and a potential trend reversal or continuation rally could be underway.
Total Analysis for $DEGO
Buy Zone
Primary Accumulation Zone: $2.42 – $2.58
A strong demand region where price has previously consolidated. Watch for signs of support and volume increase.
Safer Entry Zone (confirmation-based): $2.61 – $2.67
Break and hold above this level can confirm bullish strength, especially post-liquidation reaction.
Targets
1. Target 1: $2.89
First major resistance; profit booking likely as this was a recent liquidation point and supply zone.
2. Target 2: $3.08
Breakout zone above previous range. Momentum buyers could push toward this with volume support.
3. Target 3 (Extended): $3.28
A key psychological and technical resistance; watch for strong rejection or breakout confirmation.
Stop Loss
For Aggressive Entries: Below $2.39
If price dips below this zone, structure breaks and short-term trend turns bearish.
For Conservative Traders: Below $2.28
Allows more room but still protects capital if the move fails completely.
Strategy Outlook
$DEGO has shown a squeeze on short positions, indicating a possible upward momentum if buyers step in with conviction. Watch for volume spikes and 4H/1D candle closures above $2.78 to validate bullish continuation.
This move is organic and developing — patience and disciplined risk management will be key. Stay vigilant around the $2.78 mark — it's no longer just a price, it's the line between panic and opportunity.
