Signals for DEGEN

Action: Short Position

Entry Range: $0.0067 - $0.0068

Stop-Loss (SL): $0.0070

Take Profit (TP): $0.00655 - $0.0058

DEGEN's price is down 8.99% over the last 24 hours, signaling potential bearish momentum. The asset is currently witnessing a high trading volume of $21M, indicating active market participation. The price chart suggests a potential consolidation zone near $0.0068, with resistance at $0.0070. This indicates that sellers might defend the $0.0070 level. A breakdown below $0.0068 could provide a shorting opportunity.

For scalping, entering a short position in the $0.0067 - $0.0068 range with tight risk management can capitalize on continued downward momentum. Set stop-loss at $0.0070 to minimize risks if the trend reverses. Target profits within the $0.00655 to $0.0058 range for a quick and calculated exit as the price could dip further under bearish pressure.

🥂 Trade Now 👇$Degen

🚨 Note: Trade at your own risk. DYOR.

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