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

$DEGO 1H level experienced rapid decline, found support near 0.973 and rebounded. Current price oscillating around 1.002, attempting to recover the 1-hour EMA20. On the 4H level, price remains in the pullback phase of the uptrend channel. Position size remains stable with no large-scale long liquidation. Negative funding rate suggests short squeeze risk. Current 1-hour RSI has recovered from oversold zone to neutral area, momentum is recovering.

🎯Direction: LONG (Pullback Long Entry)

⚡Entry/Orders: Scale in between 0.974 - 0.998 zone

🛑Stop Loss: 0.949

🚀Target 1: 1.093

🚀Target 2: 1.141

🛡️Trade Management:
- Execution Strategy: Upon reaching Target 1, reduce position by 50% and immediately move stop loss to entry price. Trail remaining position for profit, targeting Target 2. If price cannot hold above 1-hour EMA20, consider early exit.

( Deep Logic: Order book data shows thick bid depth with dense support below. Although 1-hour buy/sell ratio is near balanced, position size did not decrease during price decline, suggesting possible washout rather than main force liquidation. 4H EMA50 (0.739) provides long-term trend support. Combined with negative funding rate environment, short position costs are elevated, creating conditions for long rebound. )

View Live Chart 👇 $DEGO
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