🔥🔥🔥$DEGO /USDT Technical Analysis and Trade Signal
Price: $3.18 (-5.07%)
Recent Trend: Bearish
Key Technical Indicators:
Moving Averages (EMA):
50 EMA: Downtrend
200 EMA: Downtrend (Bearish crossover)
RSI (14): 38 (Approaching oversold zone)
MACD: In the negative zone, indicating strong bearish pressure
Key Support Levels:
$3.16 (Immediate support)
$3.00 (Critical support zone)
Key Resistance Levels:
$3.30
$3.50
Trading Signal:
Trend: Bearish
Entry Point: Near $3.20
Stop Loss: $3.50
🎯 Target Levels:
1. Target 1: $3.05
2. Target 2: $2.90
3. Target 3: $2.75
Trade Momentum:
The current momentum is downward. A breakdown below $3.16 could lead to further declines.
A breakout above $3.30 might shift momentum toward resistance, but this seems unlikely under current conditions.