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Analysis of DEGOUSDT, entering a buy position
Technical Analysis:
1. General trend:
We notice that the trend was rising to about 2.34, then a very strong correction occurred, breaking the moving averages (MA7 and MA25) and falling below them â a signal of a temporary reversal or the beginning of a short-term downward trend.
2. Moving Averages (MA):
MA7 (1.43) @ MA25 (1.69) â Negative crossover confirms continued selling pressure.
The price is currently below the three moving averages â it is still in a weak area.
1. General trend:
We notice that the trend was rising to about 2.34, then a very strong correction occurred, breaking the moving averages (MA7 and MA25) and falling below them â a signal of a temporary reversal or the beginning of a short-term downward trend.
2. Moving Averages (MA):
MA7 (1.43) @ MA25 (1.69) â Negative crossover confirms continued selling pressure.
The price is currently below the three moving averages â it is still in a weak area.
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