$DEGO 🔥 🔥 EXPLODING TREND 🔥 🔥

📊 DEGO/USDT Overview

Current Price: $1.12

24H Volume: $2.49 million (Moderate)

Market Type: Low-cap DeFi token with NFT utility exposure

Trend: Range-bound consolidation after recent rejection near $1.28

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🧩 Chart Pattern & Technical Structure

⏳ Technical Setup:

Chart Pattern: Descending channel forming on 4H timeframe

50 EMA: Acting as dynamic resistance (~$1.17)

200 EMA: Below price (~$1.04) — long-term structure still intact

Bollinger Bands: Tightening — indicating upcoming volatility

🧠 Key Levels:

Support Zones:

$1.06 → minor structure support

$0.98 → major historical demand zone

Resistance Zones:

$1.17 → channel breakout resistance

$1.28 → key horizontal rejection zone

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📈 Indicators

RSI: 49 – Neutral zone, potential pivot point

MACD: Slight bullish momentum on 1H, neutral on 4H

Volume Profile: Volume declining with price — classic pre-breakout consolidation

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🎯 Trading Strategy

🔹 Strategy 1: Channel Breakout Swing

Entry: $1.14–$1.16 (on confirmed breakout above descending channel)

Target 1: $1.28 (local high)

Target 2: $1.42 (Fib 1.618 extension)

Stop-Loss: $1.05

R:R Ratio: 2.5+

🔹 Strategy 2: Range Accumulation (Safe DCA)

Buy Zone: $1.03–$1.06

Sell Zone: $1.17–$1.28

Stop-Loss: $0.97

Best for: Traders looking for low-entry positions during consolidation

❗ Risks:

Low-cap = high volatility

Liquidity can dry up fast

Breakout traps possible without volume confirmation

🛡️ Risk Strategy:

Use tight stop-losses or staggered entries

Only trade with capital you can afford to risk

Confirm breakouts with volume spike + retest

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✅ Final Take

DEGO is in a textbook tightening structure. A break above $1.17–$1.20 could trigger explosive upside, while dips below $1.05 remain good DCA opportunities for experienced traders. Low hype = early entry potential if DeFi/NFT momentum returns

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