🔥 $DEGO Ignites with Short Liquidation – Is This Just the Beginning?
A sharp liquidation of $1.9672K in shorts at $2.624 has just shaken the market, sending a strong signal that sellers are getting trapped. This kind of squeeze often leads to further upside as shorters scramble to cover. Momentum is shifting. The bulls have smelt blood.
Technical Analysis
Zone Analysis:
Buy Zone: $2.35 – $2.52
Price is likely to retest this support range before a bigger move. Ideal for fresh entries with reduced risk.
Target Zones:
1. Target 1: $2.88 – Minor resistance from previous structure
2. Target 2: $3.15 – Major breakout point
3. Target 3: $3.42 – Psychological round number and upper liquidity trap
Stop Loss:
Place stop below $2.28 — a decisive break here may invalidate bullish momentum and suggest a deeper correction.
Sentiment Insight
With short positions being liquidated, the crowd is likely flipping bias too late. The early breakout traders may be rewarded soon, while late shorts may keep feeding the fire.
This is not just a chart move, it's a battle for control — and the bulls seem to be gaining ground.
