After a sharp bullish rally, DEGO/USDT is showing clear exhaustion signs near resistance around 1.55. The recent bearish engulfing candle confirms a potential pullback as buyers fail to sustain momentum. Volume has started to decline, suggesting profit-taking and a shift towards short-term downside pressure.
Trade Setup:
Entry: 1.39 – 1.42
Target 1: 1.30
Target 2: 1.28
Target 3: 1.05
Stop Loss: 1.56
Leverage: 10x
Margin: 2–3% of wallet
Market Outlook: The price may retrace further as it forms a lower high on the 1H chart. Unless bulls reclaim 1.55 with strong volume, DEGO could revisit its previous support zone near 1.05 before finding fresh demand.
$OPEN Price is holding $0.9188 support after a solid +6% push. As long as this base is safe, momentum points upward toward $0.9696 in the next hours.
This is exactly the zone where smart entries are made — risk is limited (SL $0.9000) while upside reward is open. My Binance family, this chart shows strength, and those who act early will enjoy the breakout first.