🟢 $DEGO Long Setup | 📊 Futures
📍 Entry: 0.4000 – 0.4500
🎯 TP1: 0.5500
🎯 TP2: 0.6500
🎯 TP3: 0.8000
🛑 SL: 0.3700
⚖️ R:R 2.4:1
🔥 RSI 28.3 — deeply oversold
💰 Current: 0.4187
📊 DEGO is currently showing signs of a strong bullish reversal setup after forming a well-defined descending channel pattern on the daily timeframe. RSI shows oversold conditions, suggesting potential for a near-term bounce. After the brutal 70% drop from 1.40 highs, price has reached the critical 0.45-0.50 support zone (orange area on chart). The price is moving within a descending channel and has reached the lower boundary, heading towards breaking above it with a retest of the upper boundary expected. Moving averages show the overall rating is strong buy for the short-term, suggesting a potential reversal bounce from these extreme oversold levels.
👀 DYOR