#dego 🔍 Technical Analysis (Based on 15-Min Chart – DEGO/USDT, Binance)
🔸 Current Price: $1.161
🔸 24h High: $1.210
🔸 24h Low: $1.085
📈 Key Observations:
1. Bounce from $1.085:
The price showed a strong reversal after a sharp spike down to $1.085 — marking this as a significant intraday support level.
2. Bullish Reversal:
After the bounce from $1.085, DEGO rallied up to $1.174 and is now consolidating near $1.16. This indicates the market is pausing before a potential next move — a healthy sign in bullish setups.
3. Moving Averages (MA5 > MA10):
The crossover of the 5-period MA above the 10-period MA, along with bullish candles, suggests short-term momentum is positive.
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🎯 Suggested Trade Setup (Short-Term / Intraday)
Parameter Value
Entry Zone $1.150 – $1.165
TP1 (Hit) ✅ $1.17 (Successfully achieved)
TP2 🎯 $1.21 – $1.23 (Retest of 24h high)
TP3 (Optional) $1.27 (If breakout occurs)
Stop Loss (SL) 🔻 $1.135 (If candle closes below $1.13, exit the trade)
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✅ Trading Sentiment:
Short-Term Bias: Bullish (as long as price stays above $1.135)
Volume Spike: The strong bounce on high volume confirms that $1.085 is a demand zone.
Ideal Strategy:
Scalp or quick swing trade
Take partial profits at TP2
Move stop loss to break-even if price hits $1.21
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#CryptoSignals #DEGO #AltcoinAlert #TP2Loading #RiskManagement #ScalpTrade
#Binance