Technical Analysis of DEGO/USDT:
Current Price: $3.36 (+6.77% in the last 24 hours)
24h Range: High: $3.37 | Low: $2.70
Trend: The price has been rising, indicating an uptrend in the short-term.
SAR Indicator: The current SAR (Stop and Reverse) value is $3.048, suggesting a potential reversal if the price moves below this level.
Resistance: $3.37 (24h High)
Support: $2.70 (24h Low)
Trade Signal:
Trade Momentum: Bullish (Uptrend is likely continuing as price is rising and there’s a strong move above $3.36).
Recommendation: Buy with a focus on short-term gains.
Target Levels 🎯:
1. Target 1: $3.50 (next resistance level)
2. Target 2: $3.70 (psychological level)
3. Target 3: $3.90 (previous resistance and extended target)
Stop-Loss:
Suggested Stop-Loss: $3.00 (below the SAR value, reducing risk in case of a reversal).
This analysis indicates a bullish trend with the potential to reach higher targets. Traders should watch for price movement near the support and resistance levels.
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