【$DEGO Signal】Long + 1H pullback confirmation, main force clearly intends to support the market

$DEGO The 1H timeframe has experienced a violent surge and is now consolidating strongly at high levels, building a platform within the 0.71-0.74 range. The 4H timeframe has formed a clear upward trend, with three large bullish candles establishing a bullish pattern. Currently, the 1-hour chart shows the price pulling back to the short-term moving average, presenting an excellent opportunity for a second entry.

🎯 Direction: Long

⚡ Entry/Order placement: Buy in stages within the 0.6750 - 0.6924 range

🛑 Stop loss: 0.6017

🚀 Target 1: 0.8739

🚀 Target 2: 0.9646

🛡️ Trading management:

- Execution strategy: Use staged position building. When the price reaches around 0.6924, add 50% of the position; if it pulls back to around 0.6750, add another 50%. After reaching Target 1, reduce the position by 50% and move the stop loss up to the entry average price. The remaining position aims for Target 2; if the price retraces and falls below the moving stop, exit all positions.

Deep logic: The market shows extremely strong resilience. Despite a significant intraday increase, open interest remains stable, with no signs of profit-taking causing a collapse, indicating that the main force is still present. Funding rates are negative, suggesting potential short squeeze opportunities. The 1-hour RSI has pulled back from high levels to a healthy zone, preparing for another upward push. Market depth data shows substantial buy support around 0.73, forming a dense support wall, making downside resistance very strong. Combined with the volume breakout on the 4H timeframe, this trend is far from over; a pullback is an opportunity.

View real-time market 👇 $DEGO

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