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.
Trading ditutup: target tercapai
TP Hit
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.