【$DEGO Signal】Long - 1H Pullback Confirmed, Strong Support from Main Players

$DEGO on the 1H timeframe is currently in a healthy pullback consolidation phase following yesterday's sharp rally. Price found support near 1.07, with 1H RSI pulling back from highs to 56, building momentum for another upward push. On the 4H timeframe, price is holding solidly above all key moving averages with intact trend structure. Open interest remains stable, indicating that major players haven't exited but are rotating positions at higher levels. Current order book shows thick buy-side depth, with selling pressure concentrated around 1.074. A break above will open upside space.

🎯 Direction: Long

⚡ Entry/Limit Orders: 1.0180 - 1.0443

🛑 Stop Loss: 0.9670

🚀 Target 1: 1.3533

🚀 Target 2: 1.5078

🛡 ️Trade Management:
- Execution Strategy: Upon reaching Target 1, reduce position by 50% to lock in profits and move stop loss on remaining position up to entry price. If price fails to break 1.074 and retreats below the lower end of entry zone, treat as weakness and exit decisively.

Deep Logic: Although price has retraced from highs, open interest hasn't declined significantly. Combined with negative funding rates, this suggests shorts are attempting but haven't formed effective suppression, creating short-squeeze potential. 1H EMA20 (1.0495) provides dynamic support; pullback to this area is an excellent secondary re-entry opportunity. 4H EMA50 (0.7318) is strong trend support, providing a solid safety cushion for this rally.

View Live Chart 👇 $DEGO
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