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

The 1H timeframe is experiencing a healthy pullback after a significant rally, with the price stabilizing around 1.067, just above the 1-hour EMA20 moving average. This is a typical retracement pattern within a strong upward trend. On the 4H chart, the price has broken through the previous high on increased volume, indicating the trend has shifted to bullish. This retest offers an excellent second entry opportunity.

🎯 Direction: Long

⚡ Entry/Pending Order: 0.9486 - 0.9730

🛑 Stop Loss: 0.9101

🚀 Target 1: 1.2247

🚀 Target 2: 1.3505

🛡️ Trade Management:

- Execution Strategy: When the price reaches Target 1, reduce the position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price. If the price fails to break higher and instead falls back into the lower part of the entry zone, exit decisively and wait on the sidelines.

Deep Logic: In the past 24 hours, the price has increased by over 21%, with capital interest extremely high. The key point is that during the surge, the open interest remained stable, indicating this is not a short squeeze but rather new capital actively buying in. The order book shows substantial buy-side depth, with dense support in the 1.065-1.066 range. The 1-hour RSI has healthily retreated from overbought levels to around 63, building momentum for another upward move. Negative funding rates suggest that short sellers are still resisting, hinting at a potential short squeeze. Coupled with the volume expansion and bullish candles on the 4H chart, the main force’s bullish intent is clear—retracements are opportunities.

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