$DEGO Consolidation at Support - Rebound or Further Decline?
DEGO is currently trading at $1.810. The chart indicates that DEGO has experienced a recent decline and is now consolidating around a key support level. Its immediate movement will determine if it can find a floor and attempt a rebound or if bearish momentum will push it to lower levels.
Key Levels to Watch:
Resistance: $1.815 (immediate resistance, just above current price) and $1.820 (stronger resistance from recent highs).
Support: $1.810 (current price, immediate support) and $1.805 (next strong support below).
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move and sustain above $1.815 could target:
Target 1: $1.820
Target 2: $1.825 (approx.)
Bearish Entry: A break below $1.810 could target:
Target 1: $1.805 (approx.)
Target 2: $1.800 (approx.)
DEGO is consolidating at a key support after a decline. A rebound is possible if support holds, but a breakdown below $1.810 could lead to further losses.