Technical analysis by CryptoAnalystSignal about Symbol DEGO: Buy recommendation (7 hour ago)

#DEGO The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel. We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move. There is a key support zone in green at the price of 0.618, representing a strong support point. We have a trend of consolidation above the 100-period moving average. Entry price: 0.645 First target: 0.657 Second target: 0.680 Third target: 0.705 Don't forget a simple money management rule: Place your stop-loss order below the green support zone. Once the first target is reached, save some money and then change your stop-loss order to an entry order. For any questions, please leave a comment. Thank you.