DEGO/USDT – Bullish Rectangle Breakout Setup | 1H Chart Analysis
DEGO is currently exhibiting a bullish rectangle formation on the 1-hour chart, a pattern often indicative of continuation in an existing uptrend. The price has been consolidating between clearly defined horizontal support and resistance levels, and it's now approaching a breakout zone.
🔹 Entry Price: $2.0883 (on breakout confirmation)
🔹 Stop Loss: $1.8216 (below support range)
🔹 Immediate TP Level: $2.2850
🔹 Potential Upside: +16.75%
✅ No bearish divergence or reversal signs are currently visible.
A breakout above the rectangle resistance could trigger a strong upward move. As always, traders should wait for confirmation with volume and can adjust take-profit levels based on their individual risk-reward preferences.
This setup remains bullish unless price rejects the breakout zone and closes below the support range.
🔹 Entry Price: $2.0883 (on breakout confirmation)
🔹 Stop Loss: $1.8216 (below support range)
🔹 Immediate TP Level: $2.2850
🔹 Potential Upside: +16.75%
✅ No bearish divergence or reversal signs are currently visible.
A breakout above the rectangle resistance could trigger a strong upward move. As always, traders should wait for confirmation with volume and can adjust take-profit levels based on their individual risk-reward preferences.
This setup remains bullish unless price rejects the breakout zone and closes below the support range.
Dagangan ditutup: sasaran tercapai
TP Hit
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.