$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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