DEGO has been plotting this for a long time, a typical manipulation by the 'dog' traders.

A week ago, the open interest of the DEGO contract increased from 3 million to 13 million, tripling the open interest, but the price only went up by 20%. This indicates that the 'dog' traders are using spot trading to increase their contract positions. Generally, when the price doesn't change much but the open interest increases significantly, many people think the 'dog' traders are about to make a move, so they follow suit and go long. However, unexpectedly, most of the 'dog' traders are just pushing the price up, and as a result, the DEGO 'dog' traders directly abandoned the position, causing a crash that no one could withstand 🙊

What’s even worse is that just before the crash, they deliberately released a so-called good news about USD1 to attract retail investors to take over, and then it collapsed~

One can only say that one should play less with illiquid 'dog' trader projects; no candlestick patterns or indicators are useful, it all depends on the mood of the 'dog' traders.