Long Liquidation Alert: $DEGO

Liquidation Amount: $1.9029K

Liquidation Price: $2.939

The $DEGO market just saw a massive long liquidation at $2.96823, where a whopping $1.9029K worth of positions got liquidated! This is a critical moment, and traders need to be aware of the volatility that’s unfolding.

What does this mean for you.

Short Opportunity.

With such a significant liquidation, there’s the potential for a sharp drop in price, offering a prime opportunity for short positions, especially if you believe the price will continue to dip from here.

Price Watch: Keep an eye on the $2.90–$3.00 range. If the price manages to hold strong above $2.96823, the market may stabilize, but if it dips below, further liquidation or price drops could happen.

Risk Management: The risk of price correction is real, so make sure you set tight stop-loss orders to protect your positions.

Key Levels to Watch:

Resistance: $3.00

Support: $2.50–$2.70 (Watch for possible bounce back)

Stop-Loss Zone: Tight stop-loss if you’re trading short, especially around $3.10

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