$DEGO is currently trading at $1.419, down a sharp -46.17% in the past 24 hours after a vertical drop from $2.789 to $1.286. On the 15-minute chart, we see a classic liquidity flush followed by flat consolidation — a common precursor to further downside once the market takes a breather.
🔻 Short Trade Setup
Entry Zone: $1.43 – $1.48
Target 1: $1.30
Target 2: $1.18
Stop Loss: $1.52
Why Go Short?
This setup signals a dead cat bounce — a minor recovery after a massive dump, lacking momentum and sustained volume. With buying interest fading and no strong reclaim of the $1.50 level, the price remains vulnerable to further declines, possibly revisiting the sub-$1.20 zone.
⚠️ Risk Management Tips
Keep your stop loss tight, just above the recent high in the consolidation zone.
If you spot a volume-supported reversal, consider exiting early to minimize loss or lock in partial profits.
🎯 Action Point:
Don’t let the opportunity slip — trade the breakdown with structure and confidence. The trend is your friend, especially when it’s falling.
⚡Momentum favors the f
earless. Ride the wave before it fades
#Degousdt #DEGO🚀🚀🚀 #SaylorBTCPurchase
