【$DEGO Signal】Short squeeze rebound! 1H level retest of EMA50 confirmed, main force defending the market under negative funding rate

$DEGO After a historic surge at the 1H level, the price is currently consolidating strongly at high levels, staying above the 1H EMA50 (0.2839), which is a sign of a strong retest confirmation. A single large bullish candle on the 4H chart has directly reversed the downward trend. Although the overall trend is not yet fully stabilized, the momentum structure at the 1H level is extremely healthy. The key points are: funding rate is as high as -0.27%, open interest remains stable, yet the price is unusually resilient. This is a typical short squeeze characteristic, with shorts paying high costs and the main force clearly defending the market. The order book shows deep buy support, RSI on the 1H chart is high but not showing divergence, and momentum remains.

🎯 Direction: Long (buy on pullback)

⚡ Entry/Order: 0.2839 - 0.2858

🛑 Stop loss: 0.2750

🚀 Target 1: 0.3200

🚀 Target 2: 0.3500

🛡️ Trading management:

- Execution strategy: After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to the entry price of 0.2850. If the price strongly breaks above the previous high of 0.3550, consider holding some positions for greater gains.

Order book logic: In the past few hours, after a massive surge, the price did not decline along with open interest (OI), but remained stable, indicating that the new funds are not all short-term profit-taking. There is main force supporting the market. Meanwhile, an extremely negative funding rate indicates crowded short positions, and any small upward movement could trigger short covering and short squeeze, creating a positive feedback loop. The 1H RSI has retreated from overbought territory to a healthy zone, preparing for another upward move. The support at 0.2839 (1H EMA50) and 0.2858 (optimized entry zone) forms a resonance support, making it an excellent sniper point.

View real-time market 👇 $DEGO

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