$DEGO pumped and now struggle to break out from descending resistance that is the same with resistance zone.
also price shaped an inverted head and shoulders pattern in daily time frame that its neck line is near to break.
🐮 break out the neck line of H&S can increase price to touch resistance zone between $6 and $7.
keep eye on it 👀
Still holding huge amount of DEGO, after the contract exploit, exchange deposits were locked and price has plummeted significantly
I have been accumulating DEGO all this time and as for me, if BTC continues to go up, we will see DEGO's price recovering as well
As for now, on 1D timeframe we are a bit overbought, hence we might observe some local correction here...
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Everything on the chart.
Entry: market and lower
Target: 4.2 - 4.6 - 5.5
after first target reached move ur stop to breakeven
Stop: 2.6 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Dego has been accumulated a lot of times, now it is the best time to buy due to broking the down trend.
I added Fibonacci calculation to find the best TPs: 0.5 and 1 are quite well. Let's buy and pray :D
DEGO is still good at 3$ zone, from this zone, it could rally up in next days. But we need to pay attention to 3.6$ zone.
♻️Condition : If 1-Day closes ABOVE 2.8$ zone
🔴Buy : 3 - 2.8
🔴Sell : 3.6 - 4.2 - 4.8
♻️Condition : If 1-Day closes BELOW 2.8$ zone
🔵Sell : 2.8
🔵Buy : 2.4
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
Hi dear patrons, hope you are well and welcome to the new trade setup of Dego Finance (DEGO) token.
During the previous market crash, DEGO formed a big bullish Gartley with BTC pair, which I shared as below:
Now during the current drop, DEGO has formed a big bullish Shark, on a weekly time frame.
Not a financial advice
I have purchased a huge bad of DEGO under 5.28$ as for long term with the target 10$+
We are moving in our Descending Channel and I expect it to be broken in the end of January or in early February
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