🚀 $DEGO (Dego Finance) Trade Setup on Binance Square**
Dego Finance ($DEGO) is currently displaying bullish momentum, making it an opportune moment for traders to consider potential positions.
📈 Current Market Snapshot
Price: $0.9629
24h Change: +0.41%
Intraday High: $0.9683
Intraday Low: $0.6727
🔍 Trade Setup: Bullish Breakout Opportunity
Recent analyses suggest that $DEGO is showing bullish strength after maintaining higher lows near the support zone. The current structure indicates accumulation before a potential breakout above the short-term resistance area. Volume stability and sustained momentum point towards buyer control and a likely continuation toward the next resistance levels.
Trade Details:
Entry Zone: Buy on confirmed breakout above $1.150
Target (TP):
TP1: $1.180
TP2: $1.220
Stop Loss (SL): Set below $1.130 to manage risk
Note: Always conduct your own research and consider your risk tolerance before entering any trade.
📊 Technical Indicators
Support Level: $1.130
Resistance Levels:
R1: $1.150
R2: $1.180
R3: $1.220
Volume: Monitor for increased trading volume to confirm breakout strength
⚠️ Risk Management Tips
Position Sizing: Adjust your trade size according to your risk tolerance and portfolio size.
Trailing Stop: Consider using a trailing stop to lock in profits as the price moves in your favor.
Market Conditions: Stay informed about broader market trends and news that may impact $DEGO's price action.
