$DEGO
/TetherUS Technical Analysis & Trade Signal
The DEGO/TetherUS chart shows the price consolidating within a range after a significant drop. There's a visible support level around 1.044 - 1.046 and resistance near 1.066. The current price action indicates a potential for a short-term bearish move towards the lower end of this consolidation or even a continuation of the downtrend.
* Trade Momentum: Bearish (short-term, based on current resistance hold and potential range play)
* Entry Level: Around 1.056 USDT (Current price, suggesting an entry on a rejection of the recent resistance).
* Target 1 (T1): 1.050 USDT (Initial support within the immediate range).
* Target 2 (T2): 1.044 - 1.046 USDT (The lower boundary of the current consolidation/support zone, as indicated by the green shaded area).
* Target 3 (T3): 1.034 USDT (A more aggressive target, aligning with a potential break below the current support and previous swing low).
* Stop Loss: 1.066 USDT (Just above the recent resistance and the red shaded area, to manage risk if the price moves against the short position).