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DEGO / TetherUS

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DEGOUSDT trade ideas

DEGO Price Dumped Hard – What Happened?🚨 DEGO Price Dumped Hard – What Happened? Dego Finance ($DEGO) dropped over 40% today and here’s why: 🔻 Big Token Dump: A huge amount of DEGO tokens (worth over $250K) was sent to exchanges — this caused heavy selling pressure. 💥 Record Liquidations: Over $650K in long positions got liquidated — highest ever for DEGO! ⚠️ USD1 Stablecoin FUD: DEGO recently said they bought the new USD1 stablecoin. Some users think this might be a risky or scammy move, adding more fear. 📉 Technical Rejection: Price hit $2.70, then faced strong resistance and dropped fast. Bearish market conditions made it worse. Stay alert! This is a high-risk zone — wait for stable support if you’re planning to enter.
Short
by CryptoPatel
DEGOUSDT - SHORT BIAS AMID WEAK CRYPTO MARKET CONDITIONSSymbol - DEGOUSDT CMP - 1.970 DEGOUSDT attempted to break its prevailing trend but encountered significant resistance and was further impacted by a weak cryptocurrency market. The downward movement may persist. Following the breakout from the descending channel's resistance, a bullish momentum of 45% was established. However, the price faced strong resistance between 2.110 and 2.180, resulting in the formation of a trading range. Sellers are determined to maintain control over this zone and exert pressure. After a prolonged battle for this level, a false breakout of resistance occurred, leading to liquidation when the 2.000 support level was breached. Buyers are now in a state of panic. Should the price remain below the 2.110 - 2.180 range, a further decline in the short to medium term is likely. Resistance Levels: 2.000, 2.180, 2.274 Support Levels: 1.750, 1.584, 1.359 The overall market remains weak, with altcoins reacting strongly to Bitcoin's short-term fluctuations. This behavior suggests that the market is accumulating liquidity in anticipation of a further decline. Bitcoin has yet to reach its key target, and the absence of a bullish catalyst continue to place downward pressure on altcoins.
Short
by akshit_official
#DEGO Entering on the confirmed breakout#DEGO Entering on the confirmed breakout from the Descending Channel. on 1 hr TF. Descending channel breakouts are usually breakouts on upside. We have marked up OBV bullish divergence which shows prices may go up. We have marked up RSI bullish divergence which also shows prices may go up. This is for educational purpose. Consult your financial advisor before invest in the crypto. Cryptocurrency investment is subject to market risk. Manage your risk accordingly. #Dego is good on-chain Finance project and it has combination of Defi+NFT protocol & infrastructure.
Long
by jaavu_tview