Technical analysis by Asif_Iqbal_chaudhary about Symbol DEGO: Buy recommendation (5/22/2025)

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.TP Hit