#dengen Trade Setup. (Risky Trade )
**Analysis of DEGEN/USDT (15m & 4h Intervals in 2025)**
### **Key Observations**
1. **Price Action**:
- Current price fluctuates between **0.003958–0.003966** (May 11 data).
- **24h High: 0.004354** (strong resistance), **24h Low: 0.003762** (key support).
- Price is near the **upper Bollinger Band (0.003977–0.004373)**, signaling potential overbought conditions.
2. **Indicators**:
- **RSI(6)**: **68–71** (May 11) indicates short-term overbought; RSI(24) remains neutral (45–46).
- **MACD**: Bullish crossover (positive histogram) on May 11, but bearish on May 6–9 (negative MACD).
- **Moving Averages**: Price trades below EMA/MA(99) (0.004004–0.004040), suggesting resistance.
3. **Volume**: Declining volume (6.6M → 5.05M) signals weakening momentum.
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### **Trading Plan**
**Entry Range**:
- **Conservative**: **0.003920–0.003940** (retest of middle Bollinger Band/EMA(25)).
- **Aggressive**: Break above **0.004200** (confirmation of bullish continuation).
**Stop Loss**:
- **0.003760** (below 24h low and swing low support).
**Take Profit Targets**:
1. **TP1**: **0.004050** (previous resistance).
2. **TP2**: **0.004354** (24h high).
3. **TP3**: **0.004500** (extended bullish target).
**Leverage**:
- **5x–10x** (moderate risk due to volatility and conflicting indicators).
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### **Rationale**
- The price is near overbought levels (RSI(6) >70) but shows bullish momentum on MACD (May 11).
- A pullback to **0.003920** (mid-Bollinger) offers a safer entry. A breakout above **0.004200** confirms strength.
- Use tight stop loss to mitigate risk from potential reversals.
- Leverage is capped at 10x to avoid liquidation during volatility.
**Note**: Monitor MACD/RSI divergence and volume spikes for trend confirmation. Adjust targets if price sustains above 0.004354.
