DEGOUSDT trade ideas
DEGO is trying to break up....YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
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🆓Dego Finance (DEGO) Oct-23 #DEGO $DEGOThe buying power is quite strong at the $8 zone and it is moving towards the $10 and $13 zone. But if it loses the $8 zone it will fall back to the $7 and $6 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 8$ zone
🔴Buy : 8.5 - 8
🔴Sell : 10 - 13
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 8$ zone
🔵Sell : 8
🔵Buy : 7 - 6
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
DEGO CHART ANALYSIS UPDATE 2Like I said in the previous DEGO chart analysis, I didn't buy DEGO and was waiting for Moving Average confirmation.
Moving average confirmation did happen yesterday so I expect DEGO to go up if the next few weeks.
This is the best time to Buy DEGO and once we cross the resistance level it will go up quickly.
Personally, my goals are:
TP1: 34$. I take 75% profit.
TP2: 70$. I take 25% profit.
This is not a financial advice, this is my strategy.
DEGO broke out resistance#DEGOUSDT
$DEGO broke out from descending resistance zone and price hold above a long term ascending support line, now price faced a long term resistance zone, that breaking this zone will reach price to a descending resistance around $11. If bulls success to break this line price will touch $23 and even $27 in long term. but don't be greedy and save profit in each target.
DEGO CHART ANALYSISDEGO is in a very good place.
The price went down 80% from it's ATH in March, so right now we need to wait for trend breakout and retest and also moving average confirmation then we buy DEGO and we hodl a few days/weeks.
As I see it now, if we do break the down trend, then we might go for a new ATH around 50$.
DEGO/USDTNot a financial advice
Potential double bottom and "W" pattern, which is the accumulation behavior. Also ascending triangle. Most probably price will recover soon and test resistance at 11.50$ and after at 12.50$ levels
If you decide to purchase, put a stop loss under the support line and HODL