【$DEGO Signal】Go long! 1H pullback confirmed, negative funding rate triggers short squeeze

$DEGO is currently in a healthy pullback and consolidation phase after a significant rally on the 1H timeframe. The price is consolidating strongly within the 1.05-1.11 range, with the 1H candles repeatedly pulling back to the EMA20 for support, rejecting deeper corrections—this is a bullish sign. On the 4H timeframe, there is high-volume breakout followed by high-level consolidation, clearly indicating an upward trend.

🎯 Direction: Long

⚡ Entry/Pending Orders: Layered entries within the 0.985 - 1.011 range

🛑 Stop Loss: 0.938

🚀 Target 1: 1.300

🚀 Target 2: 1.445

🛡️ Trade Management:

- Execution Strategy: Use staggered profit-taking. When the price hits the first target of 1.300, reduce the position by 50%, and move the remaining position’s stop loss up to the entry price. Hold the remaining position to aim for the second target. If the price pulls back and breaks the trailing stop, exit all positions to lock in profits.

Deep Logic: The current market logic is clear, representing a typical short squeeze scenario. Although the funding rate is negative, open interest remains stable, and the price is unusually resilient—indicating that short sellers are incurring high costs while long buyers are strongly defending. The 1H RSI is in a healthy zone without being overbought, leaving room for further upside. The order book shows a large accumulation of buy orders below 1.10, providing strong support. Coupled with the volume breakout long candle on the 4H chart, this trend is far from over—every pullback is an opportunity to enter.

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