Is this the beginning of a healthy pullback… or just a quick shakeout before another squeeze?
Many traders rushed in after the big pump, but $DEGO is now starting to show signs that the momentum is slowing down.
$DEGO — Short Setup
Trade Plan:
Entry: 0.56 – 0.60
Stop Loss: 0.66
Targets:
TP1: 0.52
TP2: 0.47
TP3: 0.41
After a strong rally from around 0.27, $DEGO moved up very fast and touched the 0.67 area, where it printed a long upper wick. This usually shows that buyers tried to push higher but sellers stepped in strongly.
Now on lower timeframes, the price is starting to form lower highs, which often means the bullish momentum is getting weaker.
When a coin jumps 100% or more in a short time, many traders begin taking profit. This often causes a pullback before the next big move.
If the 0.55 support level breaks, selling pressure could increase and price may move toward the 0.47 liquidity zone.
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$DEGO