$DEGO /USDT BULLISH BREAKOUT ANALYSIS
MARKET STRUCTURE
The chart shows a clean rebound from the 0.570 support zone, followed by strong bullish momentum that pushed price up toward the previous supply area near 0.693. The recent candles indicate continued buyer strength with higher lows forming on the 1H timeframe. This confirms a short-term bullish structure.
KEY LEVELS
Support: 0.570
Near-Term Resistance: 0.693
Secondary Resistance: 0.700 psychological zone
TRADE SETUP – LONG POSITION
Entry: On pullback into 0.645 – 0.655 demand zone
Take-Profit Targets:
TP1: 0.693 (recent high)
TP2: 0.710 (breakout extension)
TP3: 0.738 (measured move target)
Stop-Loss: Below 0.620 to invalidate bullish momentum
ANALYSIS SUMMARY
$DEGO is showing a renewed bullish push after rejecting the lower support and reclaiming upward momentum. A pullback entry offers safer positioning before the next leg higher. Continuation depends on holding above 0.620.
RISK MANAGEMENT
Risk 1–2% per trade, keep SL fixed, avoid over-leveraging, and stick to planned targets.
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