🟥🟥 $DEGO LIMIT SHORT TRADE 🟥🟥
Short #dego
Entry: 1.14 – 1.20
Stop Loss: 1.55
TP1: 1.05
TP2: 0.95
TP3: 0.85
Why put the limit order there?
1️⃣ Strong Resistance Area
The 1.15–1.20 zone is where price previously rejected after the big impulse move. This level has already acted as a supply area.
2️⃣ Double-Top Structure
On the 4H chart, price is pushing back into the previous high region, which often creates a double-top liquidity trap before a pullback.
3️⃣ Overextended Rally
$DEGO pumped aggressively from around 0.30 → 1.15, meaning a correction toward lower support is very possible.
4️⃣ Pullback Toward Consolidation
If rejection happens, price could retrace back toward the 1.05 – 0.95 support range, where buyers previously stepped in.
✅ Simple plan
Place a limit short near 1.17
Stop loss 1.55
Scale out profits on the way down.
⚠️ Invalidation
If price breaks and holds above 1.55, the resistance fails and bullish continuation becomes likely.
This trade idea includes the invalidation level. Always manage your risk and do your own research (DYOR). Not financial advice. 🔥
Trade $DEGO here 👇 📉
