- DEGEN remains bullish on the daily, but a demand zone sits below as a potential retracement target
- M30 timeframe shows liquidity forming underneath — this could lead to a temporary drop before continuation
- Like any meme coin, DEGEN is unpredictable. Manage risk. Trade with awareness, not hope
Let’s talk DEGEN — the name already gives you a hint.
If you’re in crypto, you know what a “degen” is: someone who trades with wild confidence, high risk, and often no plan. The Degen token plays into that energy perfectly. It’s a meme-fueled, community-powered asset living on the frontier of crypto volatility — and it’s gained a loyal army of risk-hungry supporters.
No deep tech promises here. Just vibes, speculation, and momentum.
The Daily Chart: Bullish, With a Catch
Zooming out to the daily timeframe, DEGEN looks like most altcoins right now — strongly bullish. Price has been moving up with conviction, and the structure clearly supports that narrative.
But.
There’s a demand zone sitting below current levels. If price does retrace, that’s one of the spots I’d personally be watching. Could be a reaction zone. Could be an entry. Could be both.
M30 Liquidity: A Trap in the Making?
Now here’s where things get interesting.
On the M30 timeframe, you’ll notice something subtle but important — liquidity is building up right underneath current price action. That’s usually no accident.
Markets love to move where liquidity lives. That area could act like a magnet in the short term, pulling price down temporarily before another bullish move.
Seen it happen. Traded it. Got burned once. Profited the next time. It’s a dance.
So… What Now?
Let me be crystal clear: this is not financial advice, and we don’t deal in guarantees here.
Price can do whatever it wants. We’ve all seen perfectly logical setups break like they meant nothing. These scenarios — the dip into demand, the sweep of liquidity — are just probabilities, not promises.
Read that again.It’s okay to plan around what could happen. Just don’t bet the farm on it.
