Everyone's super excited about how $DEGO 's price went up. But are we looking at the whole situation?

The price went up from 0.761 like a V-shape, which is pretty normal. We've gained over 14% today.

Now the problem is we're stuck right below the high of 0.941.

The big thing to worry about is what's happening in the order book. A lot of people (71%) want to sell on the ask side. That's like a big wall stopping the price from going up.

If the price breaks through 0.941, it'll be a big deal for buyers. But if it doesn't make it through and drops, it might go down to around $0.88 again.

Being patient with $DEGO is a good idea. Want to see buyers deal with that big wall of sellers before buying more. Otherwise, it'll be a quick trade.

Don't try to buy if the price is struggling against resistance. Wait for things to become clear.

#DEGO #BitcoinMarketAnalysis