$DEGO $DEGO Here's the analysis based on the $DEGO /USDT chart:
### Professional Analysis
#### Support and Resistance Levels
- **Support Level:** 1.623 USDT (recent low)
- **Resistance Level:** 2.000 USDT (recent high)
#### Entry Signal
- **Entry Point:** Consider entering a long position if the price breaks above 2.000 USDT with strong volume.
- **Stop Loss:** Set a stop loss at 1.600 USDT, just below the support level, to minimize potential losses.
- **Take Profit:** Set a take profit level at around 2.200 USDT, a significant resistance level based on historical movements.
### Technical Indicators
- **MA(5):** 324.00
- **MA(10):** 658.74
- **MA(60):** 1.715
- **Volume:** Notable spikes in volume suggest buying or selling pressure.
### Summary
This chart is relevant for analyzing DEGO/USDT price movements. Support and resistance levels provide a structured approach for trading. Enter at a breakout above 2.000 USDT, with a stop loss at 1.600 USDT and a take profit around 2.200 USDT. 📈
Happy trading!
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