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

$DEGO The 1H level is undergoing a healthy pullback after experiencing a massive surge, with price stabilizing around 1.067, positioned just above the 1-hour EMA20 moving average—a textbook pullback structure in a strong uptrend. The 4H level has broken through previous highs on volume expansion, with the trend turning bullish. The current pullback represents an excellent second entry opportunity.

🎯Direction: Long

⚡Entry/Pending Orders: 0.9486 - 0.9730

🛑Stop Loss: 0.9101

🚀Target 1: 1.2247

🚀Target 2: 1.3505

🛡️Trade Management:

- Execution Strategy: Once price reaches Target 1, reduce position by 50% to lock in profits, and move the stop loss of remaining position up to entry price. If price fails to break upward and instead falls back below the entry range, decisively exit and observe.

Deep Logic: Over the past 24 hours, gains exceed 21% with extremely high capital interest. The key point is that as price surged, open interest remained stable—not a short squeeze, but rather active buying from new capital. Current order book shows thick buying depth with dense support in the 1.065-1.066 range. The 1H RSI has healthily retreated from overbought territory to around 63, building strength for another advance. Negative funding rates hint that shorts are still resisting, laying groundwork for potential short squeeze. Combined with 4H volume expansion and bullish candle, main players' long intentions are clear—pullbacks are opportunities.

View Live Chart 👇 $DEGO

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