$DEGEN /USDT ā Gearing Up for a Rally! ā”š„
$DEGEN is showing signs of a potential reversal after stabilizing near local support.
With price compressing under short-term resistance and higher lows forming on the 1H chart, the setup looks ripe for an upward expansion if momentum confirms.
Key Levels
⢠Resistance: 0.00425
⢠Support: 0.00380
Trade Setup
⢠Entry Zone: 0.00394 ā 0.00422
⢠Stop Loss: 0.00375
šÆ TP1: 0.00445
šÆ TP2: 0.00489
šÆ TP3: 0.00535
Pro Tips:
ā Watch for a 15M or 1H bullish engulfing candle within the entry zone for best confirmation.
ā Breakout above $0.00425 with volume can lead to fast upside.
ā Consider scaling in gradually ā the structure is still forming.
ā Trail your SL above TP1 to protect gains as price runs.
ā If BTC wicks down hard, avoid entry until stability returns.
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