$DEGO /USDT – Short Trade Setup at Resistance Rejection

$DEGO has tested the $1.05 resistance area and quickly rejected with long upper wicks and increased volatility. Momentum remains weak with lower highs forming on the 15m chart.

Entry (Short): 1.036 – 1.042

Take Profit 1: 1.025

Take Profit 2: 1.018

Take Profit 3: 1.010

Stop Loss: 1.052

Trade Rationale:

• Price failed to hold above previous high of 1.054

• Volume weakening on recovery candles

• Bearish structure forming after a lower high

• Short-term bounce likely to fade at resistance

Ideal setup for a quick downside scalp before any potential trend reversal confirmation.

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