#Gate蓝龙虾重磅上线 #伊朗在霍尔木兹海峡布设水雷 #原油价格回落 【$DEGO Signal】Long on the pullback! 1H pullback confirmation, negative funding rate indicates short squeeze imminent

$DEGO The 1H timeframe is currently in healthy high-level consolidation after a historic surge. The price is oscillating around 0.872, with the 1H candlestick pulling back to test the EMA20 for support. This is a typical strong consolidation pattern. The 4H timeframe shows a large bullish candle establishing a bullish pattern. Although RSI indicates short-term overbought conditions, open interest remains stable and the funding rate is as high as -0.31%, meaning shorts are paying high costs, and the risk of a short squeeze is significant. The order book shows deep buy-side support with strong support below.

🎯Direction: Long (pullback entry)

⚡Entry/Order: 0.6877 - 0.7055

🛑Stop Loss: 0.6667

🚀Target 1: 0.8605

🚀Target 2: 0.9380

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. Hold the remaining position for Target 2. If the price pulls back and breaks the moving stop loss, exit all positions to lock in profits.

Order Book Logic: This is a classic short squeeze setup. After a sharp rally, open interest remains high, indicating that it’s not just profit-taking by longs but new funds entering. The extreme negative funding rate shows that short positions are crowded, and they are paying high costs to hold their positions. Any stabilization in price could trigger short covering and cause a second rally. The RSI on the 1H chart has fallen from overbought levels to a healthy zone, providing momentum for another upward move. It is recommended to accumulate in stages within the optimized pullback zone, patiently waiting for the short squeeze to start.

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