🚨 $DEGO – DEAD CAT BOUNCE OR EARLY REVERSAL?$DEGO just might be showing signs of life after a violent dump from $2.68 ➝ $1.18. Now trading around $1.246, the 4H chart is flashing potential reversal signals 📉🟢
🔍 Key Chart Highlights:
• 📉 Huge Drop: Sharp decline from $2.68 to $1.18
• 📍 SAR Flipped Bullish: Parabolic SAR now trending under price (SAR: $1.204)
• 📈 Volume: USDT volume at $3.58M – buyers stepping in
• 🧠 MA Crossover Alert: MA(5) = 498K crossing above MA(10) = 415K
• ⏳ Today’s Bounce: +1.38% gain – first green candle after flat consolidation
🎯 Trade Setup (4H Swing):
• ✅ Entry Zone: $1.23 – $1.26
• 🎯 Take Profit 1 (TP1): $1.35
• 🎯 Take Profit 2 (TP2): $1.48
• ❌ Stop-Loss (SL): $1.18
⚠️ Caution:
Wait for a 1H or 4H candle close above $1.275 for stronger confirmation. Watch volume trend — if it fades, this could just be a fakeout.
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