DEGOUSDT trade ideas
🆓Dego Finance (DEGO) Aug-3 #DEGO $DEGODEGO is still trying to conquer the $11 zone but continues to be rejected. At the moment, the $9 zone is still a very strong buying zone and if it doesn't lose this zone, it will probably conquer the $11 zone to advance to the $14 and $17 zones this August. However, if DEGO loses the $9 zone, it will fall back to the $6 zone
📈BUY
🔴Buy : 8.8-9.2$. SL if B
🔴Buy : 10.7-11.3$ if A. SL if B
📉SELL
🔴Sell : 10.7-11.3$. SL if A
🔴Sell : 13.7-14.3$. SL if A
🔴Sell : 16.6-17.4$. SL if A
♻️BACK-UP
🔵Sell : 8.8-9.2$ if B. SL if A
🔵Buy : 5.85-6.15$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
DEGO// Long OpportunityTrend break + strong closes above a previous lower high, indicating a change in trend.
Will be looking for price to pull back to the 50% zone and wait for clear signs of support for a reversal back up.
One concern is that price has already had a strong close and rejection from this zone and is pulling back - indicating some weakness, possible manipulation, who knows.
Exercise caution.
DEGO 12h There are volumes, interest, and price growthDego Finance is an independent, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions, and trading. It offers a diverse mix of NFT and Decentralized Finance (DeFi) tools.
The project was founded by an anonymous team in 2020 at the beginning of the hype growth of DeFi projects.
Since then, the DEGO (utility token) used to manage the Dego Finance ecosystem has grown in value from $0.50 to almost $35 , a modest x70 growth.
The DEGOUSDT pair price correction began in March 2021 and only in May-June was synchronized with the BTC price movement.
In recent days, trading volumes began to enter the DEGOUSD trading pair (perhaps there is a fundamental news reason for this? Write about it in the comments)
Increased volumes mean increased interest, and increased interest can trigger continued growth.
As of now, there is a possibility of growth in the price of DEGO to the levels of $13.50 and even to $18.50
Local support where buyers will activate buying $9.00-9.50
More global support , where the DEGO price may fall in the future, is in the $6.50 region.
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