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

$DEGO 1H level experienced rapid decline and found support near 0.973 before rebounding. Currently price is oscillating around 1.002, attempting to recover the 1-hour EMA20. On the 4-hour level, price is still in the pullback phase of the uptrend channel, but open interest remains stable with no significant long liquidation. Negative funding rates suggest shorts face squeeze risk. Current 1-hour RSI has recovered from oversold territory to neutral zone, with momentum recovering.

🎯Direction: Long (Pullback Long)

⚡Entry/Pending Orders: Layered positions in 0.974 - 0.998 range

🛑Stop Loss: 0.949

🚀Target 1: 1.093

🚀Target 2: 1.141

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

( Deep Logic: Order book data shows strong bid depth with dense support below. Although 1-hour buy/sell ratio is nearly balanced, open interest did not decrease during price decline, suggesting possible wash trading rather than major liquidation. 4-hour EMA50 (0.739) provides long-term trend support. Combined with negative funding rate environment, shorts face higher holding costs, creating conditions for long rebound. )

View Live Market 👇 $DEGO
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