#DEGO (SPOT) entry range( 1.320- 1.620) T.(2.900) SL(1.270)BINANCE:DEGOUSDT
entry range( 1.320- 1.620)
Target1 (2.456) - Target2 (2.900)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (1.270)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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Degoanalysis
DEGOUSDT.1DLooking at the daily chart for DEGO/USDT (Dego Finance paired with US Dollar Tether), several key technical indicators and trends stand out that guide my trading decisions:
Trend Analysis
The price of DEGO has been in a prolonged downtrend as indicated by the downward trajectory since May 2024. Recently, there was an attempt to reverse this trend as the price moved above the descending trendline S1, signaling a potential shift in market sentiment.
Support and Resistance Levels
R1 ($1.791) and R2 ($1.995): These levels act as immediate resistance zones. R1 is particularly important as it has recently been tested. R2, slightly higher, may serve as a secondary target if the price continues to rally.
S2 ($1.220): This level now acts as the key support after the recent upward movement. Its role will be crucial if there's a retracement in the price.
S3: Although not specifically marked with a price on this chart, it would typically be the next significant lower level below S2, possibly around previous lows.
Technical Indicators
MACD: The Moving Average Convergence Divergence is trending upward, with the histogram showing increased momentum which is a bullish signal.
RSI: The Relative Strength Index is near 62.74, suggesting that the asset is approaching overbought conditions but still has room for upward movement before becoming overly extended.
Current Market Position
The price at approximately $1.563 is above S2 but below R1. The recent spike in price and the position of the RSI and MACD suggest bullish momentum that could test R1 in the near future.
Trading Strategy
Given the current setup, my strategy would be cautiously bullish. I would consider taking a long position near the current levels with a tight stop loss just below S2, aiming for a target at R1. If R1 is broken with significant volume and confirmed by the MACD and RSI staying strong, extending the target to R2 might be viable. However, due to the volatile nature of DEGO, maintaining tight stop losses and re-evaluating positions frequently would be essential.
Conclusion
The chart presents a potential for short-term bullish action within a long-term bearish context. It's important to manage risk effectively, particularly in crypto assets like DEGO, which can exhibit high volatility. This analysis will need to be updated as the market develops, especially if new highs or lows are tested, or if the indicators show signs of reversal.
#DEGO/USDT#DEGO
The price is moving in a downward channel on a 4-hour frame and is adhering to it well, and the price has rebounded from the green zone. It is expected after the correction.
After rebounding from a significant decline, the downside gap is expected to be filled
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is expected to break higher to support the rise
Entry price is 2.20
The first goal is 2.54
Second goal 2.76
Third goal 3.00
DEGO |:-:| DEGO FINANCE ~ Launchpad 🪙Hello 👋 it's me your RAJ 🙂 professional trader ✨
This idea 💡
is completely my own analysis to explain situation _&_ market conditions of CRYPTO:DEGOUSD 🪙
How this coin valid for long term 📌 explained clearly BASED on history 🤪 & #TA 📌 #DYOR
Note 👉 coin 🪙 have potential High risk 🔥 $0 to hero 😂
😆 Present circulation supply was 14.3M by the end of 2025 , it will be 20M
Only #CZ & binance holding 60% supply 😆 less supply easily manipulated 👀
I recommend PPL to go with unwanted liquid 💰 CRYPTOBETTING 👀
Don't try to use all liquid 💰 or 20% of ur long term liquid bag 💰 just give 5% below priority
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BUY || accumulation phase 📍
⚡ $0.45 - $2.2 ( below / above just stop 🛑 )
+
|| 👉 Sell :|: distribution phase 👈 ||
🎯 :: $10-13
🎯 :: $30-50
🎯 :: $138-187
🎯 :: $580-752 ++++++
🗝️ Try get ur liquid 💰 back at $10.5 above I used to call as " principal trade "
🗝️ Close 20% bag at $12-13
🗝️ Close 60% bag at $30-50
I am not expecting more than $300 but based on #TA with #FA provided
No technical data history to explain about technical analysis ⏰
I have done 👍 my research 🔎 on LAUNCHPAD projects based on funding i review this 👀
__________________________________________________________________________________________
🪩 disclaimer :
▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌
Note 👀
👉 keeping comments , reacting with emojis , pointing us is very easy to some people
They think 💬 what they see 📌 that was knowledge 📌
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important ☺️
Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛
I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day 😊
DEGO/USDTSPOT BUY PLAY:
DEGO/USDT BROKE the consolidation range and retested it in 4 Hrs timeframe. Once it retest the same in bigger timeframe. That's where the game begins.
Buy Zones are always mentioned on the charts itself with potential TAKE-PROFIT zones.
STOP-LOSS = 25% below the average buying price
TAKE-PROFIT zones are mentioned in the chart itself. DYOR.
Always DO YOUR OWN RESEARCH before taking any trade or before investing your hard earned money.
Suggestion/Tip – It is always better to take profit, whether all the zones are bought or not.
Suggestion/Tip 2 - When price is moving on right way
"it is always recommended to move stop-loss to profit side".
If you like the idea and benefited from it please like , share & comment to keep us motivated.
Dego Finance (DEGO) forming a Gartley | A good buy opportunityHi dear friends, hope you are well, and welcome to the new trade setup of Dego Finance (DEGO) token with US Dollar pair.
Previously we caught a nice pump of DEGO:
Now on a daily time frame, Dego has almost completed the final leg of a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Dego Finance (DEGO) formed bullish Gartley for upto 42% pumpHi dear friends, hope you are well and welcome to the new trade setup of Dego Finance (DEGO) token with BTC pair.
In the previous trade plan, Dego slightly moved below the buying zone, however, recovered soon and pumped well:
Now on a 2-hr time frame, DEGO has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Dego Finance (DEGO) formed bullish Gartley for upto 13% pumpHi dear friends, hope you are well and welcome to the new trade setup of Dego Finance (DEGO) token with BTC pair.
On a 4-hr time frame, DEGO has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DEGO/USDTStill holding huge amount of DEGO, after the contract exploit, exchange deposits were locked and price has plummeted significantly
I have been accumulating DEGO all this time and as for me, if BTC continues to go up, we will see DEGO's price recovering as well
As for now, on 1D timeframe we are a bit overbought, hence we might observe some local correction here but at the same time we also might witness a Head and Shoulders pattern
DEGO ANALYSISHere's a quick look at DEGO 4hr chart . As we can see, the price has been showing a formation of Symmetrical triangle.
We need to Breakout it as soon as possible and retested
Now its time to wait and hold it
Support Area 5.79$ , 5.45$
Definitely one to keep an eye on .
The best entry at Support level, also on trend support and after breakout and retest.
Targets
6.38$ 6.97$ , 7.59$
thank you
DEGO 12h There are volumes, interest, and price growthDego Finance is an independent, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions, and trading. It offers a diverse mix of NFT and Decentralized Finance (DeFi) tools.
The project was founded by an anonymous team in 2020 at the beginning of the hype growth of DeFi projects.
Since then, the DEGO (utility token) used to manage the Dego Finance ecosystem has grown in value from $0.50 to almost $35 , a modest x70 growth.
The DEGOUSDT pair price correction began in March 2021 and only in May-June was synchronized with the BTC price movement.
In recent days, trading volumes began to enter the DEGOUSD trading pair (perhaps there is a fundamental news reason for this? Write about it in the comments)
Increased volumes mean increased interest, and increased interest can trigger continued growth.
As of now, there is a possibility of growth in the price of DEGO to the levels of $13.50 and even to $18.50
Local support where buyers will activate buying $9.00-9.50
More global support , where the DEGO price may fall in the future, is in the $6.50 region.
_____________________
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the first target is the double !!! (+400%)✅ Buy: 16 - 17.50 ✅
🎯TARGETS:
1- $29.23
2- $52.00 ( take profit for 60% -70%)
3- $88.50
⚠️⚠️ leverage up to 5x till the first target only ⚠️⚠️
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $12.95
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DEGOUSDT Triangle FormationDEGOUSDT (1H Chart) Technical Analysis Update
Triangle formation
DEGO/USDT currently trading at $18.00
Buy-level: Above $18.75 (only buy if 1h candle closes above the triangle)
Stop loss: Below $17.00
Target 1: $19.45
Target 2: $20.20
Target 3: $22.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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DEGO testing the support zoneDEGO is an NFT and DeFi project and NFT coins are doing very well in this bull run. DEGO now testing the support line and we expecting a good bounce from here. DEGO broke the long downtrend with a big volume candle and now accumulation is going on for the next leg up.
Buy Zone: $16.8 - $17
Target: $18.78 - $19.94 - $21.2 - $23.6 - $26.8 - $28.9 - $31.3 - $34.4 - $38.7
DEGOUSDT Waiting for the falling wedge breakoutDEGOUSDT (4H CHART) Technical Analysis Update
Waiting for the falling wedge breakout
DEGO/USDT currently trading at $17.80
Long Entry-level: only buy after the resistance line breakout
Stop loss: I will update once I see the breakout
Target 1: $24
Target 2: $30
Target 3: $35
Target 4: $40
ALWAYS KEEP STOP LOSS...
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