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.
トレード終了: 利益確定目標に到達
TP Hit
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。