$DEGO

/USDT Technical Analysis & Trade Signals

Current Price: $2.850

Momentum: Bearish (Price dropped -4.36% in the last 24 hours)

Indicators Overview

1. Moving Averages:

Short-term (MA10): Bearish crossover detected

Long-term (MA50): Slight downward trend

2. Relative Strength Index (RSI):

RSI: 38 (Neutral-Bearish, close to oversold levels)

3. MACD:

Bearish divergence with histogram showing declining momentum

4. Support & Resistance:

Support Levels: $2.80, $2.65

Resistance Levels: $3.00, $3.25

Trade Strategy

Trend: Short-term bearish with potential for reversal if price stabilizes near support zones.

Targets:

1. 🎯 Target 1: $3.00 (short-term recovery, moderate resistance)

2. 🎯 Target 2: $3.25 (breakout potential above 24h high resistance)

3. 🎯 Target 3: $3.50 (higher resistance zone near yesterday’s high)

Stop-Loss Recommendation:

Set stop-loss at $2.65 to limit downside risk if bearish momentum continues.

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Momentum-Based Trade Ideas

Bullish Reversal:

Buy near $2.80 support if RSI dips below 30 (oversold) and MACD signals recovery.

Exit near $3.25 or $3.50 for profits.

Bearish Continuation:

Short if price breaks below $2.80 with strong volume.

Exit at $2.65 or $2.50 for gains.

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