【$DEGO Signal】Pullback Long + 1H Level Rally Confirmation

$DEGO After experiencing a sharp decline, ( found support near 0.973 and rebounded. The price is currently oscillating around 1.002 and attempting to reclaim the 1-hour EMA20. On the 4-hour level, the price remains in the pullback phase of an uptrend. Open interest remains stable with no large-scale long exit, and negative funding rates suggest short squeeze risk. The 1-hour RSI has recovered from oversold territory to neutral zone, and momentum is restoring.

🎯Direction: Long (Pullback Long)

⚡Entry/Pending Orders: Accumulate in batches within the 0.974 - 0.998 range

🛑Stop Loss: 0.949

🚀Target 1: 1.093

🚀Target 2: 1.141

🛡️Trade Management:
- Execution Strategy: When price reaches Target 1, reduce position by 50% and immediately move stop loss to entry price. Track profit-taking with remaining position, targeting Target 2. If price fails to hold above 1-hour EMA20, consider early exit.

) In-Depth Logic: Order book data shows thick buying depth with dense support below. Although 1-hour buy/sell ratio is near equilibrium, open interest didn't decrease during price declines, suggesting this may be a washout rather than major profit-taking. The 4-hour EMA50 (0.739) provides long-term trend support. Combined with the negative funding rate environment, short positions carry high costs, creating conditions for long rebounce. $DEGO

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