#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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DEGOUSDT
#DEGO/USDT#DEGO
Our price is moving downwards on a 4-hour frame and is about to break through to the upside in 3 stages
We have a bounce from the lower border of the channel from the support area at 1.44 and we have a green support level at 1.60.
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up
Entry price is 1.60
The first goal is 1.88
Second goal 2.11
Third goal 2.40
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/USDT#DEGO
The price is moving in a head and shoulders pattern on a 4-hour frame, and the right shoulder has been completed
We have a strong upward trend in the RSI indicator, and the price sticks to the price
It is expected to rise at 3 levels. Entry price: 3.79
First goal 3.84
Second goal 4.09
The third goal is 4.32
the stop below the right shoulder
DEGO ANALYSIS🔮 #DEGO Analysis 💰💰
🌟🚀 As we can see that there is a formation of Falling Wedge Pattern in #DEGO in 4hr time frame. Also it is trading above its support zone. Breakout above the descending resistanve leads to a rally towards $3.411 📈📈
🔖Current Price --- $2.141
🎯Target Price -----$3.411
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #DEGO . 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#DEGO #Cryptocurrency #DYOR
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
::-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-::
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 $300 but based on #TA with #FA provided
No technical data history to explain about technical analysis ⏰
I have done 👍 my research 🔎 on LAUNCHPAD projects based on funding i review this 👀
__________________________________________________________________________________________
🪩 disclaimer :
▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌
Note 👀
👉 keeping comments , reacting with emojis , pointing us is very easy to some people
They think 💬 what they see 📌 that was knowledge 📌
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important ☺️
Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛
I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day 😊
DEGOUSDT| Long position from the level!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
You can try to take a small Long on DEGO with a short stop loss, and the deal is allocated no more than 2-3% of the deposit with a leverage of 3-5X.
Deal plan:
Entrance - 1.332/1.325$
Stop - 1.3$
Take - 1.385, fix 50-60% of profit, transfer stop to used.
Guys, be careful, coins sometimes show increased volatility!
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.