⚡ $DEGO – Exhaustion After the Rally

After an aggressive upward move, ($DEGO) is beginning to show clear signs of exhaustion. Price recently pushed into the $1.25 resistance zone, where strong selling pressure quickly appeared, suggesting that buyers are losing momentum after the sharp rally.

The market is now struggling to maintain strength, with price action hovering below key levels. If $BTC DEGO fails to reclaim the $BTC 1.10 area and continues trading under recent highs, the probability of a corrective move increases as the market cools down and liquidity gets targeted at lower levels.

Trading Plan – SHORT 🔻

📍 Entry Zone: 0.98 – 1.04

🛑 Stop-Loss: 1.12

🎯 Take Profit Targets:

TP1: 0.90

TP2: 0.82

TP3: 0.74

The structure currently favors a pullback scenario as momentum fades and sellers attempt to regain control near resistance. A sustained rejection from higher levels could drive price toward the next demand zones.

⚠️ Disclaimer: Trading involves significant risk. Always apply proper risk management and never trade more than you can afford to lose.

Trade Here 👇🏻

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