$DEGO
๐ Key Observations:
Current Price: $1.181
24h High: $1.346
24h Low: $1.088
Recent Peak: $1.346
Support Level: Around $1.080
Volume Surge: Strong volume increase during the pump indicates buyer interest.
๐ Trend Analysis:
Short-Term Uptrend: The recent bullish breakout started from the $1.08 level and peaked at $1.346.
Correction Phase: The price retraced from $1.346 down to current levels, consolidating around $1.18.
Support Holding: $1.18 is acting as minor support after the pullback
๐ง Technical Indicators:
MA(5) vs MA(10): The 5-period moving average is still slightly above the 10-period, suggesting momentum may resume upward if support holds.
Volume: Declining after the spikeโwatch for renewed interest to confirm a continuation.
๐ฎ Short-Term Outlook:
Scenario Trigger Target
๐ผ Bullish Continuation Reclaim above $1.24 with volume Retest $1.30โ$1.34
๐ฝ Bearish Pullback Break below $1.18 then $1.08 Test $1.05 or lower
๐ Strategy Suggestion:
Watch $1.18: Holding this level could offer a bounce.
Breakout Buy Zone: If price pushes above $1.24 again with volume.
Stop-Loss Consideration: Below $1.08 if re-entering long.
