【$DEGO Signal】Pullback Long + 1H Level Rebound Confirmed

$DEGO 1H level experienced rapid decline, found support near 0.973 and rebounded. Price is currently oscillating around 1.002, attempting to reclaim the 1-hour EMA20. On the 4H level, price remains in the pullback phase of an uptrend channel. Open interest remains stable with no signs of large-scale long liquidation. Negative funding rates suggest shorts face squeeze risk. Current 1-hour RSI has recovered from oversold to neutral zone, with momentum recovering.

🎯 Direction: Long (Pullback Long)

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

🛑 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. Trailing stop profit with remaining position to pursue Target 2. If price fails to hold above 1-hour EMA20, consider early exit.

( Deep Logic: Order book data shows strong bid depth and dense support below. Although 1-hour buy/sell ratio is near balanced, open interest did not decline during price drops, suggesting potential wash rather than major liquidation. 4-hour EMA50 (0.739) provides long-term trend support. Combined with negative funding rate environment, short positions carry high costs, creating conditions for long rebound. )

View Real-time Chart 👇 $DEGO
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