$DEGO /USDT SHORT TRADE SETUP – BEARISH REVERSAL POTENTIAL
Current Price: $1.147
Market Structure: After a strong push to $1.173, DEGO is showing signs of a pullback with visible rejection from the top. Lower highs are beginning to form, suggesting potential short-term weakness.
ENTRY ZONE:
Consider shorting between $1.155 – $1.165 if price retests this zone with weak bullish candles.
STOP LOSS:
Set stop loss above $1.175 to protect against breakout continuation.
TARGET POINTS:
TP1: $1.130
TP2: $1.115
TP3: $1.095
TRADE ANALYSIS:
$DEGO pumped sharply but faced resistance near its 24h high of $1.173. The sharp red candle indicates selling pressure. If the price fails to reclaim the $1.160–$1.170 zone, bears may take control. Watch for weak bullish attempts and reversal signals before entering.
Note: Always confirm with volume and candlestick rejection near the entry zone. Risk management is crucial.
@Caldera Official @BounceBit @Huma Finance 🟣 @Bubblemaps.io @Treehouse Official