【$DEGO Signal】Pullback to Long + 1H Pullback Confirmation, Main Force Clearly Protecting the Market

$DEGO On the 1H timeframe, after yesterday's sharp surge, the market is currently in a healthy, decreasing volume pullback phase, with the price supported near the 1-hour EMA20. Looking at the 4H timeframe, a large bullish candle establishes an upward trend, and the current candlestick is in a high-level consolidation pattern. Open interest remains stable, indicating that the main force has not exited. Combined with negative funding rates, there is potential for a short squeeze.

🎯Direction: Long

⚡Entry/Order: 0.676 - 0.694 staggered entries within the range

🛑Stop Loss: 0.609

🚀Target 1: 0.862

🚀Target 2: 0.947

🛡️Trade Management:

- Execution Strategy: After the price reaches the first target of 0.862, reduce position by 50%, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through 0.862 and stabilizes, move the remaining position's stop loss to hold and aim for the second target.

(Depth Logic: Over the past 24 hours, the price has increased nearly 24%, but open interest has not decreased, indicating that the rally is driven by genuine funds rather than purely short covering. The 1-hour RSI has fallen from overbought territory to healthy levels, preparing for another upward push. The order book shows sell orders stacking above 0.712, but buy orders are deeper below 0.710, providing strong support during the pullback. Negative funding rates persist, favoring bulls. )

Check real-time market 👇 $DEGO

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