DEGO/USDT Technical Analysis & Trade Signal
Current Price: $3.79 (+17.65%)
Trend Analysis: Bullish (Based on recent price action and upward momentum)
Key Technical Indicators:
24h High: $4.121
24h Low: $3.003
SAR (Parabolic SAR): $3.342 (indicating upward trend support)
Depth: $4.177 (indicating strong buy-side liquidity)
Trade Signal:
Buy Signal: If the price holds above $3.79, expect a continuation of the bullish trend.
Momentum: The price has recently surged by 17.65%, indicating strong upward momentum, with bullish price action.
Target Levels 🎯:
1. Target 1: $4.12 (previous high) – Initial resistance.
2. Target 2: $4.50 – Potential resistance zone based on the trend continuation.
3. Target 3: $5.00 – Strong psychological resistance and significant upside potential if momentum persists.
Stop Loss: $3.34 (SAR support level) – To protect against reversal.
Trade Momentum:
Strong Bullish Momentum: The price is maintaining an upward trajectory, with significant volume backing the move.
Key support level: $3.34 (SAR), ensuring that the trend remains intact as long as the price stays above it.
This analysis suggests a bullish outlook with potential targets around $4.12, $4.50, and $5.00, depending on market conditions. Keep an eye on volume and price action for confirmation.
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