$DEGO

/USDT Technical Analysis and Trade Signals🚀🎯

Current Price: $2.17

24h Range: $1.972 - $2.344

Momentum: Bullish (6.93% daily gain, strong volume).

Indicators:

Bollinger Bands (20, 2):

Upper Band: $2.186

Middle Band: $2.160

Lower Band: $2.133

(Price is testing the upper band, suggesting potential breakout or pullback soon).

SAR (0.02, 0.2): $2.19 (Resistance zone).

MACD: Momentum increasing, likely above the signal line (positive divergence expected).

Trade Signals:

Entry Zone:

Buy Entry: $2.16 - $2.18 (Wait for confirmation above $2.19 to avoid false breakouts).

Target Levels:

1. 🎯 Target 1: $2.25 (Key psychological resistance, near the previous high).

2. 🎯 Target 2: $2.34 (24h high; breakout confirmation level).

3. 🎯 Target 3: $2.50 (Major resistance based on historical data).

Stop-Loss:

Place stop-loss below $2.13 (below the Bollinger Band lower limit).

Trade Momentum:

Bullish Momentum: Supported by daily gains and high trading volume.

A confirmed break above $2.19 (SAR) would trigger further upside potential.

Monitor for rejection near $2.25 or failure to hold $2.16 (middle Bollinger Band), which could indicate weakness.

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