Everyone rushed to catch the pumpโฆ but $DEGO now looks like itโs running out of steam. ๐โ ๏ธ
$DEGO โ SHORT Setup ๐ป
Entry: 0.610 โ 0.630
Stop Loss: 0.690 ๐
TP1: 0.560 ๐ฏ
TP2: 0.510 ๐ฏ
TP3: 0.450 ๐ฏ
Why this trade? ๐ค
$DEGO recently exploded in a sharp move from around 0.26 โ 0.74 ๐, but the momentum is starting to cool off. Price action is now forming lower highs along with several red candles, which often hints that buyers are losing strength after a big rally.
At the moment, price is dropping under the 0.62 zone, suggesting that sellers are slowly stepping in and taking control of the market. ๐ป
If bearish pressure continues, the next major liquidity area could appear near 0.56, where price might search for support. ๐
DEGOUSDT
Perp
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