【$DEGO Signal】Long + 1H Breakout Retest Confirmation, Main Force Floor Protection Intent Clear

$DEGO 1H level is currently in a strong consolidation at high levels after experiencing massive surge. Price has firmly stood above the 1-hour moving average, and the 4-hour level shows volume breakout through long-term consolidation zone. Although 1-hour RSI indicates overbought, open positions remain stable, and negative funding rates suggest shorts are still paying fees—this is typical short squeeze fuel. Buy-side depth is significantly thick, downside support is strong, and main force floor protection intent is clear.

🎯 Direction: Long

⚡ Entry/Orders: 0.9288 - 0.9527

🛑 Stop Loss: 0.8974

🚀 Target 1: 1.1740

🚀 Target 2: 1.2846

🛡 ️Trade Management:

- Execution Strategy: After price reaches the first target 1.1740, reduce position by 50% to lock in profits, and move the stop loss of remaining positions up to entry price. If price fails to continue upward and falls back to entry zone, consider it a failed breakout and exit decisively.

Deep Logic: Over the past 4 hours, price has broken through key resistance with massive trading volume, a clear signal of main force capital entry. Open positions remain stable rather than declining after price surged, indicating this is not mere retail chase-buying or short liquidation, but rather new long positions being established. Order book data shows buy-side depth far exceeding sell-side, providing solid downside support for price. 1-hour level retest of moving average support zone is an excellent second entry opportunity.

View Real-time Market 👇 $DEGO

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