Let's talk about $DEGO for a second. Everyone loving the bounce, but are you seeing the full picture?
That reversal from 0.761 was perfect. Textbook V-shape. We’re up over 14% on the day.
But now look where we are stalled. Right under the 0.941 high.
The biggest red flag is the order book. 71\% Ask side. That is a wall of supply waiting to be dumped.
Breaking 0.941 will take serious buying power. If we reject here, a healthy drop to \mathbf{\$0.88} is likely for a refill.
I'm patient on this one. I need to see the buyers eat that huge ask wall before I go long. Otherwise, it’s a quick scalp.
Don't chase a chart that's showing resistance. Wait for the confirmation.
#DEGO #BitcoinMarketAnalysis
That reversal from 0.761 was perfect. Textbook V-shape. We’re up over 14% on the day.
But now look where we are stalled. Right under the 0.941 high.
The biggest red flag is the order book. 71\% Ask side. That is a wall of supply waiting to be dumped.
Breaking 0.941 will take serious buying power. If we reject here, a healthy drop to \mathbf{\$0.88} is likely for a refill.
I'm patient on this one. I need to see the buyers eat that huge ask wall before I go long. Otherwise, it’s a quick scalp.
Don't chase a chart that's showing resistance. Wait for the confirmation.
#DEGO #BitcoinMarketAnalysis
DEGO-0.96%
1