$DEGO /USDT #Bullish Momentum Continues, Watch for Potential Breakout
DEGO/USDT has been exhibiting strong bullish momentum, with the price steadily climbing over the past few candles. The Relative Strength Index (RSI) currently sits at 88.156, indicating overbought conditions. However, the price action shows no signs of slowing down, suggesting that the upward trend may continue.
Current Price: $3.112
Entry Price: Consider entering a long position at the current price or on a slight dip towards the nearest support level.
Resistance Levels:
* Immediate Resistance: $3.185
* Strong Resistance: $3.204 (24-hour high)
Support Levels:
* Immediate Support: $3.018
* Strong Support: $2.706 (24-hour low)
Take-Profit Targets:
* Target 1: $3.204 (24-hour high)
* Target 2: $3.250
* Target 3: $3.300
Stop-Loss: $2.683
Caution:
While the current trend is bullish, it's important to remain cautious. The overbought RSI suggests that a correction or consolidation phase may be imminent. Traders should monitor the price action closely for any signs of weakening momentum or a potential reversal.
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