#DEGO/USDT – Bullish Breakout Setup | 1H Chart Analys

#DEGO

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We are experiencing a bounce from the lower boundary of the descending channel. This support is at 1.10.

We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.

There is a major support area in green at 1.08, which represents a strong basis for the upside.

Don't forget a simple thing: ease and capital.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

We are in a consolidation trend above the 100 Moving Average.

Entry price: 1.14.
First target: 1.17.
Second target: 1.20.
Third target: 1.22.

Don't forget a simple thing: ease and capital.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.