Zara crypto Analyst
--
Bearish
🔻 $DEGO
USDT – BEARS TAKING CONTROL, FURTHER DROP AHEAD?
$DEGOUSDT has broken its recent bullish structure, forming a lower high and aggressively selling off towards the $1.015 support zone. This bearish momentum signals potential continuation if buyers fail to step in.
🔑 Key Levels
Resistance: $1.060 – $1.068 (previous rejection zone)
Current Price: $1.020
Support: $1.015 (last defended level) and $1.000 (psychological support)
📉 Trade Setup – SHORT
Entry: $1.025 – $1.020 (current retest zone)
Take Profit (TP):
TP1: $1.015
TP2: $1.000
Stop Loss (SL): $1.035 (above recent minor structure)
📊 Market Outlook
Momentum is bearish with strong selling candles on the hourly chart. Failure to reclaim above $1.035 will keep sellers dominant, targeting psychological and structural supports below.
⚠️ Risk Management
Only risk 1-2% per trade. Wait for clear retest confirmation to avoid entering in an oversold bounce.
🔻 Bears are in control – will you ride the momentum down or stay out?
💬 Comment "BEAR" if you see further downside coming.
#DEGO #CryptoTrading #BearishSetup #TechnicalAnalysis #Binance
buy and trade here on $DEGO
USDT – BEARS TAKING CONTROL, FURTHER DROP AHEAD?
$DEGOUSDT has broken its recent bullish structure, forming a lower high and aggressively selling off towards the $1.015 support zone. This bearish momentum signals potential continuation if buyers fail to step in.
🔑 Key Levels
Resistance: $1.060 – $1.068 (previous rejection zone)
Current Price: $1.020
Support: $1.015 (last defended level) and $1.000 (psychological support)
📉 Trade Setup – SHORT
Entry: $1.025 – $1.020 (current retest zone)
Take Profit (TP):
TP1: $1.015
TP2: $1.000
Stop Loss (SL): $1.035 (above recent minor structure)
📊 Market Outlook
Momentum is bearish with strong selling candles on the hourly chart. Failure to reclaim above $1.035 will keep sellers dominant, targeting psychological and structural supports below.
⚠️ Risk Management
Only risk 1-2% per trade. Wait for clear retest confirmation to avoid entering in an oversold bounce.
🔻 Bears are in control – will you ride the momentum down or stay out?
💬 Comment "BEAR" if you see further downside coming.
#DEGO #CryptoTrading #BearishSetup #TechnicalAnalysis #Binance
buy and trade here on $DEGO
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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