DEGOUSDT trade ideas
DEGO/USDT short and mid term setupDEGO/USDT pair has formed a double top on 1H timeframe.
The neckline is overlapping with the 0.618 retracement thus making it a key support
In short term, price is expected to move inside the triangle bouncing between 0.5 to 0.618 which gives a potential capture of 8-9%
Once ATR reaches low and bands contract even more lookout for a bearish pattern to enter a short position once 0.618 is breached.
You can even wait for price to re-test 0.618 before shorting
DEGO.USDT (Y21.P1.E1).The one I missedHi Traders,
This came to my attention just too late and I was watching $16 range level to see if there was another opportunity to the upside.
Was watching it this morning but the bullish candle did not come about.
Went shopping for groceries, come back, its done that bullish candle and up it went.
I now have no interest jumping into this as its hit the 1.618 level, I think.
I will now look for a pullback and look for a common trend using the 10/20 ema or structure.
I thought I just put this out there and let you know this project looks good, its new to Binance.
All the best,
S.SAri
After posting this, I explored Kucoin and it seems this has a history.