Dego Finance ($DEGO ), here's a trading plan based on current market conditions:
Entry Point:Consider buying #DEGO at $1.12-$1.15, near the support zone, with confirmation from a bullish reversal candlestick pattern.
Stop-Loss:Set a stop-loss at $1.05, just below the recent support level, to limit potential losses.
Target Points:
- First Target: $1.23-$1.25, targeting a move towards the resistance level.
- Second Target: $1.30-$1.35, aiming for a breakout above the recent trading range.
Key Indicators:
- RSI (14) is near 40, indicating potential for a rebound.
- Moving averages are mixed, with short-term MAs indicating sell and long-term MAs indicating buy
Risk Management: Risk 1-2% of trading capital per trade and calculate position size based on entry and stop-loss points. Consider setting a trailing stop to protect profits
ą„šš Buy and trade here š#SmartInvesting
