Degen

DEGEN 1-day analysis:

Current price: around $0.00434

Daily change: down ~7%

Market trend: bearish

Key support: $0.00426

Short-term resistance: $0.0048 – $0.0050

Indicators: RSI and moving averages are giving bearish signals

Volume: decreased, indicating reduced demand

Market sentiment: Greed but price is bearish (dangerous divergence)

If the price reaches the support level and the volume increases, it makes sense to enter with a low stop loss and target at the resistance level. Risk management is essential.