$DEGO /USDT WEAK STRUCTURE – BEARS EYEING BREAKDOWN BELOW SUPPORT!
$DEGO is currently trading at $2.587, down -3.14% on the day and flirting with its 24h low of $2.575. The price action shows a clear descending structure, with lower highs forming and momentum fading near resistance at $2.64–$2.66.
Market Outlook:
Price is sitting on fragile support — a close below $2.575 could trigger a fresh drop.
If bulls want to reclaim momentum, they must break above the $2.64 level with volume.
Until then, the short-term trend favors sellers.
Scenarios to Watch:
🔴 Bearish Breakdown: Below $2.575 = short potential to $2.50
🟢 Bullish Reversal: Only confirmed if $2.66 is broken cleanly
Risk Management Tip:
Avoid long positions unless bullish engulfing patterns appear above $2.60. Focus on volume confirmation and protect downside with strict stop-loss placement.
Sell smart — fading support means opportunity for breakout traders on the downside!
Don’t fight the trend — follow the momentum and move with the market!
