šŸ”„šŸ”„šŸ”„$DEGO /USDT Technical Analysis and Trade Signal

Price: $3.18 (-5.07%)

Recent Trend: Bearish

Key Technical Indicators:

Moving Averages (EMA):

50 EMA: Downtrend

200 EMA: Downtrend (Bearish crossover)

RSI (14): 38 (Approaching oversold zone)

MACD: In the negative zone, indicating strong bearish pressure

Key Support Levels:

$3.16 (Immediate support)

$3.00 (Critical support zone)

Key Resistance Levels:

$3.30

$3.50

Trading Signal:

Trend: Bearish

Entry Point: Near $3.20

Stop Loss: $3.50

šŸŽÆ Target Levels:

1. Target 1: $3.05

2. Target 2: $2.90

3. Target 3: $2.75

Trade Momentum:

The current momentum is downward. A breakdown below $3.16 could lead to further declines.

A breakout above $3.30 might shift momentum toward resistance, but this seems unlikely under current conditions.

#BinanceLabsBacksUsual #GrayscaleHorizenTrust #BTCNextMove