$DEGO
has struggled at the $1.320 resistance and is now hovering near $1.267, showing clear selling pressure. The chart is forming lower highs, indicating that sellers are firmly in control and further downside may be coming.
📉 Short Trade Setup:
Entry: Short below $1.270
Targets (TP):
TP1 → $1.240
TP2 → $1.210
TP3 → $1.180
Stop Loss (SL): $1.310
💡 Risk Management Tips:
Risk only 2–3% of your total capital per trade
Maintain discipline with your stop loss
Consider locking partial profits at each target to minimize exposure
⚡ Market Insight:
Sellers are currently dominating the market
Lower highs and rejection at resistance suggest continued weakness
Watch the key levels closely before entering the trade
💎 Bottom Line:
$DEGO is showing strong bearish momentum. If support fails, the path downward looks clear. Traders should plan entries carefully, respect risk management, and follow the structure for potential short opportunities.
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