$DEGO /USDT Short Trade Opportunity
*Exhaustion Signal:*
- *Price Movement*: $DEGO has surged 6.51% to $1.898, but shows signs of exhaustion with long upper wicks and waning momentum, suggesting a potential retracement.
*Key Price Levels:*
- *Resistance*: $1.930 is a crucial resistance level.
- *Support*: $1.800 and $1.878 provide support for potential downside movement.
*Short Trade Setup:*
- *Entry Zone*: Consider entering a short trade between $1.87 and $1.89, ideally after a weak bounce.
- *Targets*: Aim for $1.849 and $1.800.
- *Stop Loss*: Set a stop loss at $1.9 to manage potential upside risk.
*Market Analysis:*
- *Overextension*: The recent vertical pump has led to overextension, followed by profit-taking, indicating a potential retracement.
- *Retracement Potential*: Without strong consolidation, a retrace to rebalance the price is likely.
*Trading Tips:*
- *Entry Confirmation*: Wait for a weak candle rejection below $1.91 to maximize the risk-to-reward ratio for this short trade.
- *Ride the Downtrend*: Consider closing your position before the bulls lose interest entirely.
I would highly encourage you to start your trade(buy/sell DEGO ) from my post, simply hitting here. → $DEGO
Whosoever is following this trade plan, write Yes in the comments to get more updates.
for more updates and advice,follow me
Hit the chart below to start your trade with me.
