TRADING PLAN: SHORT $DEGO
Bearish Breakdown Signals! No bottom in sight for the Bulls! 📉
Trade $DEGO now 👇
{future}(DEGOUSDT)
📌 Entry Zone: $0.348 - $0.363
✔️ Take Profit 1: $0.328
✔️ Take Profit 2: $0.308
✔️ Take Profit 3: $0.283
⛔ Stop Loss: $0.383
Analysis: $DEGO is in a freefall state after a sharp rejection from the 0.43 region. The price is currently hugging the lows with heavy bearish pressure and zero signs of a reversal. The persistent failure to reclaim previous support turned resistance levels confirms that sellers are firmly in control, paving the way for a deeper slide.
Strategy: This is a Trend Continuation play. We are looking to ride the existing downward momentum as the market searches for a real floor. Maintain your short bias within the entry zone and watch for a break below the recent lows to accelerate the move. Stay disciplined!