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$DEGO Facing Rejection ... Short Opportunity Building
DEGO made a strong move up but got rejected from the 0.3830 level. After the rejection, price is starting to slow down and showing weakness near the top.
Right now price is near 0.3470 and forming a possible pullback after the pump.
Trade Setup:
Entry: 0.3450 – 0.3500
Target: 0.3300 – 0.3150
Stop Loss: Above 0.3830
If price stays below 0.3600, selling pressure can increase and push price lower.
Trend is turning weak after rejection. Short setup looks better if breakdown continues.