$DEGO
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Price: $3.35
Trend: Strong bullish momentum (+43.24%), supported by high volume and upward price movement.
Indicators Summary:
1. Bollinger Bands (20, 2):
Upper Band (Resistance): $3.423
Middle Band (Support): $2.865
Lower Band: $2.306
Price trading near the upper band signals potential overbought levels but bullish momentum persists.
2. SAR (0.02, 0.2):
Current Level: $2.849
The price above SAR confirms an uptrend.
3. Volume Analysis:
DEGO Volume: 6.60M
USDT Volume: 19.12M
High 24h volume suggests strong market participation, aligning with upward momentum.
Trade Signal 🎯
Momentum: Bullish (Buy-side dominance with high volume)
Entry Zone:
$3.30 – $3.35 (current levels with consolidation)
Target Levels:
🎯 Target 1: $3.42 (Bollinger Upper Band & minor resistance)
🎯 Target 2: $3.55 (24h High, key resistance level)
🎯 Target 3: $3.75 (extension if momentum continues)
Stop Loss:
Place at $2.85 (below SAR and Bollinger Middle Band for trend invalidation).
Momentum Strategy:
1. Buy on breakout above $3.42 with increased volume confirmation.
2. Monitor Resistance:
Take partial profits at $3.42 or $3.55 to manage risk.
3. Bearish Reversal Alert: If price falls below $2.85, momentum may shift, and short opportunities can arise with a target of $2.30.
Risk Management:
Avoid chasing the price if it overheats (e.g., sharp rise to $3.55 without consolidation).
Monitor depth and volume changes to confirm demand strength.
Momentum: Moderate to Strong Bullish.