🔻 $DEGO /USDT Showing Signs of Exhaustion – Reversal Incoming? 🔻
$DEGO surged to $1.346 but couldn’t sustain the momentum, facing strong rejection marked by a long upper wick. The appearance of consecutive red candles suggests profit-taking is underway and momentum is fading, setting up for a potential pullback.
📉 Short Setup:
📍 Entry Range: $1.235 – $1.245
🛡 Stop Loss: $1.275
🎯 Targets:
• TP1: $1.200
• TP2: $1.165
• TP3: $1.130
📊 Market Insight:
The bullish push seems to be losing steam, with volume drying up and price action starting to roll over. If a bearish engulfing candle confirms, this could present a solid short scalp opportunity. Patience is key — wait for confirmation before entering.