$DEGO USDT BEARISH REVERSAL LOOMING – SHORT-TERM PULLBACK EXPECTED
Price has formed a double-leg recovery but is now facing rejection near resistance around 1.268–1.270. The structure shows exhaustion after a sharp bounce, hinting at a corrective move ahead if bulls fail to hold momentum. Sellers are likely to step in around the current supply zone.
Trade Setup (Short Entry):
Entry Zone: 1.258 – 1.265
Take Profit (TP): 1.238 / 1.225
Stop Loss (SL): 1.272
Market Outlook:
If price breaks below 1.250, bearish momentum could accelerate towards 1.230–1.225. Only a clean breakout above 1.272 would invalidate this setup and open room for more upside.
