Technical analysis by Qaisrani-Trades about Symbol DEGO: Buy recommendation (12/9/2024)

Dego/USDT is currently consolidating within a box setup on the higher time frame. This consolidation phase often indicates accumulation, which could lead to a significant breakout in either direction. The current setup suggests patience is key, as a breakout from this range could result in a strong directional move. Traders should closely monitor the price action near the box boundaries, as a confirmed breakout could open the door to substantial gains. However, always manage your risk and avoid over-leveraging, as fakeouts are possible. As always, this is not financial advice—conduct your own research before making any decisions.