Technical Analysis and Trade Signals for $DEGO
{spot}(DEGOUSDT)
/USDT🚀🎯
Technical Analysis for DEGO/USDT
Current Price: 2.11 USDT
24h High: 2.204
24h Low: 2.060
Bollinger Bands: Upper: 2.154 | Middle: 2.118 | Lower: 2.083
Parabolic SAR (SAR): 2.097 (Support)
Key Support & Resistance Levels:
Support: 2.096 (SAR and market depth near this level)
Resistance: 2.154 (Upper Bollinger Band)
Trade Momentum:
The current market sentiment is neutral to slightly bearish, as the price is near the middle of the Bollinger Bands (2.118). The Parabolic SAR suggests some bullish momentum, but it’s still cautious at this stage due to the price being closer to the lower end of the range.
Trade Signals:
1. Bullish Scenario (Breakout Above Resistance):
Trigger: If DEGO/USDT breaks above 2.154, this could indicate bullish momentum.
Target Levels:
Target 1: 2.204 (24h High)
Target 2: 2.30 (Next potential resistance zone)
Target 3: 2.40 (Psychological level)
Stop Loss: 2.08 (below the lower Bollinger Band to manage risk)
2. Bearish Scenario (Breakdown Below Support):
Trigger: If the price breaks below 2.096, there’s potential for further downside.
Target Levels:
Target 1: 2.06 (24h Low)
Target 2: 1.95 (Next support zone)
Target 3: 1.85 (Psychological level)
Stop Loss: 2.15 (above the upper Bollinger Band for risk management)
3. Neutral Scenario (Range-Bound):
If the price continues to hover between 2.096 and 2.154, it might indicate a range-bound market.
Target Levels:
Target 1: 2.12 (Middle Bollinger Band)
Target 2: 2.10 (Psychological level, near current price)
Target 3: 2.08 (Lower Bollinger Band)
Stop Loss: 2.06 (below 24h low)
Momentum Indicators:
Bollinger Bands: Price is within the range of the bands, signaling no extreme volatility. A breakout above 2.154 or below 2.096 could trigger momentum.
Parabolic SAR: The SAR is suggesting support at 2.097, which aligns with the overall market depth and can act as a key indicator of short-term price action direction.
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