TradeYourLogic

DEGO/USDT

Long
TradeYourLogic Updated   
BINANCE:DEGOUSDT   DEGO / TetherUS
Still holding huge amount of DEGO, after the contract exploit, exchange deposits were locked and price has plummeted significantly

I have been accumulating DEGO all this time and as for me, if BTC continues to go up, we will see DEGO's price recovering as well

As for now, on 1D timeframe we are a bit overbought, hence we might observe some local correction here but at the same time we also might witness a Head and Shoulders pattern
Comment:
Hope you were ready for this correction, in order to continue our growth we have to say above 3.5$ area, which eventually will create a Right Shoulder in our pattern, which will cause an upward resistance price break
Comment:
As for now we are testing our downward support line, still holding my DEGO bag and expect the price to form our Right Shoulder
Comment:
If BTC maintains 42k level, then we will most probably form our right shoulder and start growing
Comment:
Binance will support DEGO token swap, hence we expect a forming of our Right Shoulder with some descent pump with further correction and stable growth after

Keep holding my DEGO
Trade closed manually:
Sold some DEGO at 4.88$, I will also re-evaluate the chart after the pump

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