$DEGO – SHORT SIGNAL AS RALLY STALLS BELOW RESISTANCE
LOWER HIGH FORMING. BULLS LOSING MOMENTUM.
$DEGO saw a sharp bounce from $1.071 but failed to break above the $1.113 high. Price is showing signs of exhaustion with multiple rejections near $1.106, forming a potential lower high setup. Weak follow-through from bulls and repeated wicks suggest sellers are regaining control below key resistance.
SHORT ENTRY: $1.103
TARGETS: $1.092 / $1.080
STOP LOSS: $1.114
Unless bulls reclaim $1.113 with volume, $DEGO is poised for a pullback.