$DEGO / USDT – Experiencing a Pullback After Recent Gains? 🤔
$DEGO is currently trading at 2.271, down -3.20% today. Looking at the 4-hour chart, we're seeing a bit of a retracement after a strong upward move. Is this a temporary dip or a sign of further correction?
Potential Scenarios:
* Finding Support: $DEGO might find support around the current levels or lower, potentially leading to consolidation or a bounce back.
* Further Downside: If the selling pressure continues, we could see a deeper retracement towards previous support levels.
Key Levels to Watch:
* Current Price: 2.271
* Recent High (Potential Resistance): Look at the peak of the recent surge.
* Potential Support Levels: Keep an eye on previous consolidation areas or Fibonacci retracement levels (not shown on this chart).
It's crucial to be cautious during such movements. Remember to conduct your own thorough analysis and manage your risk wisely. Wishing everyone a mindful Sunday afternoon from Multan!
