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

$DEGO The 1H level is undergoing a healthy pullback after a massive rally, with price stabilizing around 1.067, positioning perfectly above the 1-hour EMA20, a textbook pullback structure within a strong uptrend. The 4H level has broken above the previous high on volume, with trend now turned bullish. Current pullback represents an excellent second entry opportunity.

🎯Direction: Long

⚡Entry/Pending Orders: 0.9486 - 0.9730

🛑Stop Loss: 0.9101

🚀Target 1: 1.2247

🚀Target 2: 1.3505

🛡️Trading Management:

- Execution Strategy: Upon reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of remaining position to entry price. If price fails to break upward and instead falls back below the lower end of entry zone, exit decisively and observe.

Deep Logic: Over the past 24 hours, gains exceeded 21% with extremely high capital enthusiasm. The key point is that during price surge, open interest remained stable, not shorts being liquidated but rather new capital actively buying in. Current order book shows thick bid depth with dense support in the 1.065-1.066 zone. 1H RSI has healthily retreated from overbought levels to around 63, accumulating strength for another advance. Negative funding rates suggest shorts are still resisting, setting up potential short squeeze scenario. Combined with 4H volume-driven bullish candle, main players' long intention is clear; pullback is opportunity.

View Live Charts 👇 $DEGO

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