That $DEGO short played out perfectly.
Big congrats to everyone who caught that move with me.
If you missed it, no stress—stick around for the next setup.
Post
509_JonyDong
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BearishThis $DEGO move looks like a bull trap unless buyers show more strength.
$DEGO - SHORT
Trade Plan:
Entry: 0.33640 – 0.34238
SL: 0.35735
TP1: 0.32143
TP2: 0.31544
TP3: 0.30346
Why this setup?
4h chart signals a SHORT setup, valid only if this zone holds as resistance. DEGO trades between 0.33640 – 0.34238 near 0.33939, with the 1D trend still bearish. RSI 15m at 44 confirms timing (momentum neutral, allowing downside to build). 15m volume shows 10.11K versus 468.89K on the 1H baseline (0.02x), keeping rejection pressure lighter than ideal.
Debate:
Is this the start of a squeeze, or where late traders face punishment?
Click bellow for trade 👇
$DEGO - SHORT
Trade Plan:
Entry: 0.33640 – 0.34238
SL: 0.35735
TP1: 0.32143
TP2: 0.31544
TP3: 0.30346
Why this setup?
4h chart signals a SHORT setup, valid only if this zone holds as resistance. DEGO trades between 0.33640 – 0.34238 near 0.33939, with the 1D trend still bearish. RSI 15m at 44 confirms timing (momentum neutral, allowing downside to build). 15m volume shows 10.11K versus 468.89K on the 1H baseline (0.02x), keeping rejection pressure lighter than ideal.
Debate:
Is this the start of a squeeze, or where late traders face punishment?
Click bellow for trade 👇