🔥 $DEGO
Riding the Bullish Wave – But Stay Careful
$DEGO has been moving up strong and is now testing the resistance at 0.5228. Looks like a breakout could happen, but I’m staying cautious.
Volume is Real: Those big volume spikes aren’t fake. 24h volume is 296M, up 180% from the 20-day average. People are buying for real, not just bots.
Capital Flows – Mixed Signals:
Spot: +102,758 USDT in the last 7 days – smart money quietly buying.
Futures: -169,133 USDT in the same period – short-term traders taking profits. 1H and 4H flows are negative, so whales might be hedging. Long-term bullish, but short-term could dip.
My Take – Cautious Long:
Entry: Wait for a pullback around 0.4750-0.4850 for safer buy. Aggressive? Buy on clean break above 0.5228, but only if volume confirms.
Stop Loss: 0.4600
Targets: First at 0.5585, second at 0.5402 if it cools off.
I’m watching this closely and riding the momentum, but staying smart.
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