【$DEGO Signal】Pullback to Long + 1H Level Momentum Repair

$DEGO The 1H level has experienced a sharp rally and is now consolidating strongly at a high level, with the price staying firmly above the 1H EMA20 moving average. This is a typical strong correction signal. The 4H level has broken through the long-term downtrend, initiating a new upward wave. Currently, the negative funding rate is as high as -0.215%, combined with stable open interest, indicating that bears are still paying high fees, with a potential short squeeze risk.

🎯Direction: Long

⚡Entry/Order: 0.575 - 0.588

🛑Stop Loss: 0.555

🚀Target 1: 0.645

🚀Target 2: 0.680

🛡️Trade Management:

- Execution Strategy: When the price reaches 0.645 (Target 1), reduce the position by 50%, and move the remaining position's stop loss up to the entry price of 0.588. If the price strongly breaks through 0.68, move the remaining position's stop loss up to 0.645 to seek greater gains.

Depth Logic: In the past 24 hours, the increase has been nearly 48%, but open interest has not decreased significantly, indicating steady new funds. The 1-hour RSI has fallen from overbought territory to a healthy zone, preparing for another upward move. Market depth shows buy orders significantly outweigh sell orders, with clear main force support. The current price is in the first retracement confirmation after the 4-hour breakout, making it an excellent short-term sniper opportunity.

View real-time market 👇 $DEGO

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