$DEGO — Short Setup Delivering | Almost All Targets Hit! 🎯
The
$DEGO short setup has played out strongly following the overstretched rally. After entering the 1.04 – 1.08 resistance zone, sellers stepped in as momentum faded, driving price lower and reaching most of the projected downside targets.
📊 Trade Update:
🔹 Position: Short DEGO (Max 10x)
🔹 Entry Zone: 1.04 – 1.08
🛑 Stop Loss: 1.20
🎯 Targets:
✅ TP1: 0.95 — Hit
✅ TP2: 0.88 — Hit
⏳ TP3: 0.80 — Almost Reached
📈 Market Insight:
The overextended rally began to show exhaustion with choppy price action and weakening follow-through.
Sellers gradually regained control, pushing price through the first two liquidity zones.
The market is now approaching the final downside target, where deeper continuation could complete the full trade plan.
⚡ The bearish bias remains valid as long as price stays below 1.20, while traders may consider securing profits and managing risk as price nears the final target.
🔥 Result so far: Pump exhaustion → Distribution → Almost all TPs hit.
$DEGO #DEGO #CryptoTrading #BinanceSquare #TradeUpdate