$DEGO
/USDT Technical Analysis – 1H Chart Overview
DEGO/USDT is showing early signs of a potential bullish reversal after rebounding from the recent low at $1.043, forming a higher low and pushing up to $1.092. The price is now attempting to stabilize above the 5-period MA ($1.089), which can serve as a short-term support. The 10-period MA is slightly above at $1.093, and a clean break above this level may confirm bullish continuation.
🔍 Key Highlights:
Support Zone: $1.043 – recent swing low.
Resistance Levels: $1.098 (24h high), then $1.131 (major resistance).
Volume: Increasing buying volume is visible, suggesting growing interest.
Short-term Momentum: Gaining strength with green candles and positive close above MA lines.
📈 Trading Signal (Short-Term Intra-day)
Buy Zone: $1.088 – $1.092
Targets:
🎯 Target 1: $1.098
🎯 Target 2: $1.115
🎯 Target 3: $1.131 (strong resistance)
Stop Loss: $1.065 (below recent consolidation and wicks)
⚠️ Risk Note:
This is a short-term opportunity with moderate bullish confirmation. Keep an eye on volume and candle rejection near resistance zones. Close positions or adjust stop loss if price closes below $1.065 on the 1H timeframe.
Would you like a signal for a longer timeframe (e.g., 4H or 1D) too?
