Everyone's super excited about how $DEGO 's price went up. But are we looking at the whole situation?
The price went up from 0.761 like a V-shape, which is pretty normal. We've gained over 14% today.
Now the problem is we're stuck right below the high of 0.941.
The big thing to worry about is what's happening in the order book. A lot of people (71%) want to sell on the ask side. That's like a big wall stopping the price from going up.
If the price breaks through 0.941, it'll be a big deal for buyers. But if it doesn't make it through and drops, it might go down to around $0.88 again.
Being patient with $DEGO is a good idea. Want to see buyers deal with that big wall of sellers before buying more. Otherwise, it'll be a quick trade.
Don't try to buy if the price is struggling against resistance. Wait for things to become clear.
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Everyone's super excited about how $DEGO 's price went up. But are we looking at the whole situation?
The price went up from 0.761 like a V-shape, which is pretty normal. We've gained over 14% today.
Now the problem is we're stuck right below the high of 0.941.
The big thing to worry about is what's happening in the order book. A lot of people (71%) want to sell on the ask side. That's like a big wall stopping the price from going up.
If the price breaks through 0.941, it'll be a big deal for buyers. But if it doesn't make it through and drops, it might go down to around $0.88 again.
Being patient with $DEGO is a good idea. Want to see buyers deal with that big wall of sellers before buying more. Otherwise, it'll be a quick trade.
Don't try to buy if the price is struggling against resistance. Wait for things to become clear.
#DEGO #BitcoinMarketAnalysis