$DEGO /USDT Bull run alert 🟢

RELIEF BOUNCE — BEARS COOLING DOWN AFTER MASSIVE CRASH!

$DEGO plummeted from above $2.60 to a low of $1.184, shedding more than 50% in a sharp vertical drop on the 4H chart. Now trading at $1.326 (+8.60%), the price is staging a minor recovery. While this bounce is notable, it comes after extreme selling pressure and is currently being treated as a relief rally, not a confirmed reversal.

Trade Setup (SHORT on Rejection):

Entry Zone: $1.340 – $1.380

Target 1: $1.220

Target 2: $1.150

Stop Loss: $1.435

Why Short?

The massive breakdown from $2.60 shows clear distribution and capitulation. Current price action is forming weak green candles with low follow-through, typical of dead-cat bounces. Unless $DEGO egoreclaims $1.45 with volume, any push higher is likely to fade.

Risk Management Tip:

Keep stops tight — if momentum flips unexpectedly, the bounce can extend quickly. Confirm entries on rejection candles near intraday resistance.

Sell smart — don’t chase green candles when the trend is turning red!

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buy and trade here on $DEGO

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