$DEGO / USDT – Strong Bearish Momentum, but Bounce Potential Ahead 🔥💯

$DEGO has taken a heavy hit in the last 24 hours, plunging over 49% from a high of $2.73 to a current low around $1.32 — one of the sharpest drops across the DeFi sector today.

This type of capitulation move, paired with rising volume, often signals that a reactive bounce may be near. While the momentum is clearly bearish, savvy traders are watching closely for signs of a reversal.

🟢 Entry Zone

Buy Range: $1.28 – $1.36

Positioned near the local low and high-volume support zone — ideal for risk-managed entries.

🎯 Targets

Target 1: $1.60 — key psychological level and initial resistance

Target 2: $1.85 — midpoint retracement from the crash

Target 3: $2.15 — full upside extension if bullish momentum accelerates

🛑 Stop Loss

$1.18 — a break below this confirms further downside and invalidates the bounce setup.

📊 Key Technical Levels

Support: $1.28 and $1.18

Resistance: $1.60 and $1.85

Pivot Level: $1.48 — watch this zone closely; it often determines bounce strength.

💡 Pro Tip

Waterfall selloffs like this often reverse with speed and aggression. Look for:

Bullish divergence on RSI or MACD

Long lower wicks on hourly candles — signs of smart money stepping in

Don’t chase — scale in slowly, manage your risk, and let the setup come to you.

This setup isn't without risk — but if timed right, $DEGO may offer a high-reward bounce opportunity following extreme panic selling. Stay sharp and trade with discipline. 📉➡️📈