$DEGO

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $3.15 (+31.09% in 24 hours)

Trend Analysis

1. Bollinger Bands:

The price is near the upper band ($3.332), signaling bullish momentum but approaching a potential overbought zone.

2. Parabolic SAR ($3.007):

Positioned below the price, confirming an ongoing uptrend.

3. Volume:

Significant trading volume supports the current upward momentum, enhancing breakout potential.

Momentum: Bullish

Strong upward momentum supported by increased trading activity and positive technical indicators.

Trade Signal

Position: Long (Buy)

Entry Point: $3.15–$3.20

Target Levels 🎯

1. Target 1: $3.45 (Near recent high; moderate resistance)

2. Target 2: $3.65 (Potential breakout level if momentum sustains)

3. Target 3: $4.00 (Psychological resistance and extended bullish target)

Stop-Loss: $2.95

Below the lower Bollinger Band and SAR value for downside protection.

Risk Management

Risk-to-reward ratio: 1:2 or better.

Monitor closely for any signs of reversal if price fails to breach $3.35.

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