$DEGO showing clear rejection near resistance and momentum is starting to fade. Sellers are slowly stepping in while buyers lose control — a potential downside rotation could be forming. 📉
🔴 SHORT IDEA —
$DEGO Trade Setup:
Entry Zone: 0.622 – 0.640
Stop Loss: 0.661
🎯 Targets:
TP1 → 0.598
TP2 → 0.563
TP3 → 0.521
Price recently pushed into a resistance cluster but failed to maintain momentum. The structure now begins to show lower highs, suggesting weakening bullish pressure.
At the same time, liquidity is building beneath the recent support area — if price starts accepting below the entry zone, a continuation move toward the downside levels becomes increasingly probable.
However, if the market reclaims 0.661, the bearish structure invalidates and the trade idea is off the table.
⚠️ Reminder: Crypto markets move quickly. Always manage risk and use a proper stop loss.
If you want to support my trading journey, trading through the link below helps a lot 👇
#DEGO
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