$DEGO

/USDT Technical Analysis

Current Price: $3.04

24h Range: $2.847 (Low) - $3.095 (High)

Momentum: Positive (Price up by +0.13%)

Key Levels:

1. Support: $2.847 - A strong demand area where the price has bounced before.

2. Resistance: $3.095 - The recent high level, where price has faced resistance.

3. Key Retracement Level (Fibonacci): $2.928 - A possible area for price reversal if it moves downward.

Trade Signal:

Trend: Neutral to Bullish. Currently showing slight upward movement (+0.13%).

Potential Buy: If price holds above $2.95 (near the support zone) and continues the uptrend, we may look to target higher levels.

Target Levels 🎯:

1. Target 1: $3.10 (Next resistance level; break above could continue upward trend).

2. Target 2: $3.20 (Extended bullish target if price sustains upward momentum).

3. Target 3: $3.30 (Long-term potential in a strong bullish move).

Momentum:

Price action indicates moderate bullish momentum, but watch for possible consolidation or pullback near the $3.10-$3.20 zone. A break of $3.095 would solidify the bullish sentiment. Below $2.95, further downside risk exists.

Trade Strategy:

Buy near support at $2.95 and target $3.10, with stops below $2.85.

Sell if price breaks resistance at $3.095 and shows strong continuation above $3.10.

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