$DEGO
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Price: 3.367 USDT
24h Range: 2.589 - 3.666 USDT
Indicators Overview:
Bollinger Bands (20, 2):
Upper Band: 3.358
Middle Band: 3.106 (acting as a dynamic support)
Lower Band: 2.853
Parabolic SAR: 3.049 (bullish signal, price above SAR)
Moving Averages: The price is above the moving averages, indicating a bullish trend.
MACD: We would need more data for confirmation, but the price staying above the middle band and SAR supports positive momentum.
Trade Setup:
1. Trend: Bullish (uptrend confirmed by the price staying above the middle Bollinger Band and Parabolic SAR).
2. Entry Point: Consider entering at or near 3.367 USDT, as the price is above the middle Bollinger Band, signaling continued upward momentum.
Trade Strategy:
Target Levels 🎯:
1. Target 1: 3.50 USDT
Reason: A minor resistance area before the 24h high (3.666 USDT). This level can offer a short-term profit-taking opportunity.
2. Target 2: 3.66 USDT (Near 24h High)
Reason: This is a natural resistance level where profit-taking could occur, as the price tested this level in the previous 24h. A breakout above this would signal further strength.
3. Target 3: 3.80 USDT
Reason: A broader target if the bullish momentum persists and breaks above 3.66. This can be a more aggressive target based on the overall trend.
Stop Loss:
Level: 3.00 USDT (just below the middle Bollinger Band and Parabolic SAR).
Reason: A stop loss at 3.00 USDT ensures you limit losses if the trend reverses and breaks below key support levels.
Trade Plan:
1. Entry: Enter long positions at current market price (3.367 USDT) or on a slight pullback towards the 3.30–3.35 range.
2. Exit: Take profits incrementally at each target:
First Target: Sell partial position at 3.50 USDT.
Second Target: Sell more at 3.66 USDT.
Final Target: Exit remaining position at 3.80 USDT (if price momentum continues higher).
3. Stop Loss: Set a stop loss around 3.00 USDT to protect from a potential trend reversal.