【$DEGO Signal】Pullback Long! 1H Oversold Rebound, Clear Signs of Whale Support

The 1-hour timeframe just experienced a waterfall decline, with the price quickly rebounding after touching the strong support level at 0.808, forming a long lower wick. Although the 4-hour timeframe shows a pullback from high levels, open interest remains stable with no signs of panic selling, indicating that whales may be supporting the market. The current 1-hour RSI has entered the oversold zone, indicating a technical rebound demand. Order book data shows buy orders significantly outweigh sell orders, with strong support below.

🎯 Direction: Long

⚡ Entry/Pending Orders: 0.8398 - 0.8732

🛑 Stop Loss: 0.8189

🚀 Target 1: 0.9819

🚀 Target 2: 1.0362

🛡️ Trade Management:

- Execution Strategy: Reduce position by 50% when the price reaches Target 1, and move the stop loss up to the entry price. Trail the remaining position with a take-profit; exit all if the price retraces and breaks below the 1-hour EMA20.

Deep Logic: During the crash, open interest remained stable. Coupled with negative funding rates, this suggests more of a long leverage liquidation rather than whale distribution. A large buy volume appeared at the 0.808 level on the 1-hour candle, forming a clear "pin" pattern— a strong short-term reversal signal. Meanwhile, the severe buy depth imbalance indicates strong support below, fueling the rebound. The current price has moved well above the 1-hour EMA20; waiting for a pullback to the suggested entry zone is a safer sniper point.

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