$DEGO – Potential Bull Trap → SHORT Setup
Entry: 0.33640 – 0.34238
SL: 0.35735
TP: 0.32143 → 0.31544 → 0.30346
Overview:
Price action suggests a possible bull trap unless buyers step in with stronger momentum. The 4H structure supports a short bias, valid only if the current zone holds as resistance.
Confluence:
1D trend remains bearish
Price rejecting around 0.339 zone
RSI (15m): 44 → neutral, allowing downside expansion
Volume (15m): weak vs 1H baseline (0.02x), indicating lack of strong buying pressure$DEGO
DEGO
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RIVERUSDT
Perp
16
-6.63%