$DEGO

📉 DEGO/USDT Technical Analysis: Key Levels and Trade Strategy 🚀

The DEGO/USDT pair is currently priced at $3.259, showing some interesting price action. Let’s dive into the technicals to identify crucial support and resistance levels, as well as a solid trading strategy!

🔑 Support & Resistance Levels:

Support Zone: $3.15 — This level has provided solid support, with buyers stepping in and preventing further drops. A break below this could signal deeper downside potential.

Resistance Zone: $3.40 — This area has been a tough resistance, and if the price can break above it with strong volume, we could see a significant rally.

📈 Entry Strategy:

1. Bullish Setup: A breakout above $3.40 could send DEGO toward $3.60 or higher. Enter on the pullback after the breakout for a more favorable entry, with stops below $3.30.

2. Bearish Setup: If the price struggles to break above $3.40 and falls below $3.15, a move toward $3.00 could be in play. Short positions should be carefully managed, with stops above $3.40.

⚡ Momentum Watch:

With decent volume, DEGO’s recent price action suggests a period of consolidation, setting the stage for a potential breakout. Watch for momentum indicators like RSI or MACD for more precise entries.

💡 Pro Tip: In these choppy markets, patience is key. Wait for confirmation before entering to avoid false breakouts.

What’s your prediction for DEGO’s next move? Will it break through resistance or fall back to support? Drop your thoughts below! 👇

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