【$DEGO Signal】Long! 1H Pullback Confirmed, Negative Funding Rate Squeeze Move Initiated

$DEGO is currently in a healthy pullback consolidation phase after a massive rally at the 1H level. Price is ranging strongly in the 1.05-1.11 zone, with the 1H K-line repeatedly pulling back to the EMA20 moving average for support, rejecting deeper pullbacks—a strong bullish signal. At the 4H level, it shows high-level consolidation after a volume breakout with a clear uptrend.

🎯 Direction: Long

⚡ Entry/Pending Orders: Accumulate in batches in the 0.985 - 1.011 range

🛑 Stop Loss: 0.938

🚀 Target 1: 1.300

🚀 Target 2: 1.445

🛡 ️Trading Management:

- Execution Strategy: Use batch profit-taking. When price touches the first target of 1.300, reduce position by 50% and move the stop loss for remaining position to the entry price. Hold remaining position for the second target; if price retraces below the moving stop loss, exit completely and lock in profits.

Deep Logic: Current market logic is clear, representing a typical short squeeze scenario. The funding rate is negative, but open interest remains stable while price is unusually resilient—indicating that shorts are paying high costs while bull main players show strong commitment to support. The 1H RSI is in a healthy zone, not overbought, leaving room for further upside. Order book shows massive bid orders accumulated below 1.10 with strong support. Combined with the 4H large volume bullish candle, this trend is far from over—pullbacks are opportunities to board the move.

Check Real-time Chart 👇 $DEGO

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