🔍 DEGO – The Calm Before the Surge?
Price: $1.067
Chart: 4H (Binance Spot)
🕯️ Candle Behavior: What’s Really Happening?
After weeks of low volatility, DEGO just flashed a strong bullish signal:
🔸 Powerful bullish candle pierced through resistance near $1.06
🔸 Backed by above-average volume, suggesting smart money involvement
🔸 Higher lows forming since July 6 – a stealthy accumulation phase
🔸 Price is now trading above the 25 EMA and 99 EMA, signaling bullish momentum building
🔸 Volatility just expanded to +5.6% on the last breakout candle – often a prelude to larger moves
🧠 Interpretation
DEGO is showing a classic breakout formation:
Long period of sideways consolidation
Sharp bullish engulfing candle with strong volume
Followed by a minor pullback (healthy retest)
This behavior often precedes explosive continuation moves… if volume stays high and price holds above EMAs.
⚔️ Strategy Outlook
Ideal Entry: $1.05–1.07 zone (still valid)
Invalidation: Close below $1.00 (breaks EMA + structure)
Breakout Signal: Clear 4H close above $1.10 with increasing volume
Next Targets: $1.14 → $1.21
🔥 Final Thoughts
All the signs are here:
✅ Smart volume
✅ Structure shift
✅ EMAs crossed
✅ First breakout candle fired
If DEGO continues to hold these gains… it may be just getting started 🚀
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