🔥 $DEGO is igniting with a short squeeze - is this just the beginning?

A sharp squeeze worth $1.9672 billion from short selling at $2.624 triggered a tremor in the market, sending a strong signal that sellers are trapped. This type of pressure often leads to further upward movement as short sellers rush to cover their losses. Momentum is changing. Bulls have gained significant momentum.

Technical Analysis

Area Analysis:

Buy Zone: $2.35 - $2.52

The price is likely to retest this support range before any larger move. Ideal for entering new trades with lower risk.

Target Areas:

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 a stop loss order below $2.28 - any decisive breakout here may invalidate bullish momentum and indicate a deeper correction.

Sentiment Analysis

With the liquidation of short positions, traders are likely to retract their bias too late. Traders who achieved an early breakout may soon be rewarded, while delayed short positions may continue to fuel market enthusiasm.

This is not just a movement on the chart; it is a battle for control - and it seems that bulls are gaining momentum

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