DEGOUSDT → An attempt to change the trend will end in a fall

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DEGOUSDT.P tried to break the trend, but faced strong resistance and a weak cryptocurrency market. The fall may continue...

After breaking through the resistance of the descending channel, a bullish momentum (distribution) of 45% is formed, but the price bumps into a strong resistance of 2.11 - 2.18, which forms a trading range. Bears are not ready to give this zone to buyers and put pressure, a false breakout of resistance is formed after a long struggle for this zone and liquidation is formed when the base of 2.0 is broken. Buyers are in the panic zone. If the price fixes below 2.11 - 2.18, the fall in the short or medium term may continue.

Resistance levels: 2.00, 2.18, 2.274
Support levels: 1.75, 1.584, 1.359

The market is generally weak and altcoins are reacting aggressively to local bitcoin movements (the point of which is to gather liquidity before a further fall). BTC has not yet reached a key target, which together with the lack of a bullish driver in the market creates pressure for altcoins.

Regards R. Linda!

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تم فتح الصفقة

A breakdown of 2.00 opens the way to the bottom.
The coin continues to fall despite the local strengthening of bitcoin

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أغلقت الصفقة: تم الوصول للهدف

Target 1 reached!