$DEGO

/USDT Technical Analysis

Current Price: $2.994 (+1.63%)

Momentum: Bullish recovery, indicating potential for further upside.

Trade Signals

1. RSI: Near neutral (~50), suggesting room for upward movement.

2. MACD: Bullish crossover observed, indicating positive momentum.

3. Support Levels: $2.76, $2.92

4. Resistance Levels: $3.09, $3.25

Trade Setup

Entry Zone: $2.98 - $3.00

Targets 🎯

1. Target 1: $3.10 (Short-term resistance)

2. Target 2: $3.25 (24h High and key resistance level)

3. Target 3: $3.50 (Breakout level for strong momentum)

Stop-Loss

Place at $2.75 (below key support).

Momentum Indicators

Volume: Increasing steadily, confirming buying interest.

Trend: Short-term uptrend in play, confirmed by MA(5) above MA(10).

Strategy: Watch for a breakout above $3.09 for momentum confirmation. Reduce risk if price dips below $2.92.

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