#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】1H Breakout and Retest Confirmation, Negative Funding Rate Short Squeeze Continues

$DEGO The 1H timeframe has experienced a massive rally and is currently consolidating at high levels, with prices strongly ranging around 0.86, refusing to undergo a deep correction. A legendary bullish candle on the 4H chart confirms a strong trend. Despite the short-term surge, open interest remains stable and the funding rate is deeply negative, indicating that bears are still stubbornly resisting and there is potential for a short squeeze. The current price has moved far away from the 1H EMA20, making chasing high extremely risky. It is essential to wait for a healthy retracement structure.

🎯Direction: Long (Buy on retracement)

⚡Entry/Order: 0.699 - 0.717

🛑Stop Loss: 0.673

🚀Target 1: 0.891

🚀Target 2: 0.979

🛡️Trade Management:

- Execution Strategy: Use scaled profit-taking. After the price hits the first target of 0.891, reduce position by 50% and immediately move the stop loss up to the entry price of 0.717 to lock in profits. Hold the remaining position for the second target. If the price retraces and falls below the moving stop loss, automatically exit.

Deep Logic: Market logic suggests that price increases should be evaluated in conjunction with open interest. Currently, open interest remains stable after the surge, indicating it’s not just a bearish squeeze but more like new bullish traders entering to support the market. Order book data shows substantial buy depth and strong support. The 1-hour RSI is above 70 but not severely overbought, indicating healthy momentum. The negative funding rate is the core driver; bears are paying high fees. Once the price re-accelerates, it could easily trigger a chain reaction of a short squeeze.

View real-time market 👇 $DEGO

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