DEGO/USDT short and mid term setup
DEGO/USDT pair has formed a double top on 1H timeframe.
The neckline is overlapping with the 0.618 retracement thus making it a key support
In short term, price is expected to move inside the triangle bouncing between 0.5 to 0.618 which gives a potential capture of 8-9%
Once ATR reaches low and bands contract even more lookout for a bearish pattern to enter a short position once 0.618 is breached.
You can even wait for price to re-test 0.618 before shorting
The neckline is overlapping with the 0.618 retracement thus making it a key support
In short term, price is expected to move inside the triangle bouncing between 0.5 to 0.618 which gives a potential capture of 8-9%
Once ATR reaches low and bands contract even more lookout for a bearish pattern to enter a short position once 0.618 is breached.
You can even wait for price to re-test 0.618 before shorting
Catatan
The 0.618 support is broken and the price is heading downwards. The price is likely to retrace till the 0.786 and then bounce offDon't forget to update your stop losses and take profits (if you're not using a trailing stop loss already)
Trading ditutup: target tercapai
Broke the support and re-traced by more than 10%
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.
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.