DEGO — Short Trade Update
The downside scenario played out nicely and the market reacted exactly from the zone we discussed. After the rejection, the price moved lower and the short position has now reached a solid profit zone.
At this stage, it’s a good moment to consider locking in profits and protecting the trade. Securing gains after a clean move is always part of disciplined trading.
Overall, the setup respected the analysis and delivered a smooth execution. Watching how the market reacts next will be key, but the primary objective of the trade has already been achieved.
Pair: DEGOUSDT Perp
Current Price: 0.9926
Performance: +68% move from the setup
Another reminder that patience and following the plan can make a big difference in trading results.
For the DEGO / USDT perpetual pair on Binance, here is a simple trade setup based on the current area around $0.99. 📊
🔴 Short Setup
Entry: 1.00 – 1.02
Stop Loss: 1.08
Take Profit 1: 0.92
Take Profit 2: 0.85
Take Profit 3: 0.78
Reason:
Price already made a strong move and is near a resistance zone around 1.00–1.05. Rejection from this area can push price back down.
🟢 Alternative Long Setup (If Breakout Happens)
Entry: 1.06 (after breakout & retest)
Stop Loss: 0.98
Take Profit 1: 1.18
Take Profit 2: 1.30
Reason:
If price breaks above 1.05 resistance, momentum buyers could push the price higher.
✅ Key Levels
Support: 0.90 / 0.85
Resistance: 1.05 / 1.20
⚠️ Use low leverage and risk management, especially in volatile altcoins like DEGO.
