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

$DEGO The 1H level experienced rapid decline, found support near 0.973 and rebounded. Currently price oscillates near 1.002, attempting to recover the 1-hour EMA20 line. On the 4H level, price remains in the pullback phase of the uptrend channel. Open interest remains stable with no large-scale long liquidation. Negative funding rate suggests shorts face squeeze risk. Current 1-hour RSI has recovered from oversold region to neutral zone, momentum is recovering.

🎯Direction: Long (Pullback Buy)

⚡Entry/Orders: Layer in bids within 0.974 - 0.998 range

🛑Stop Loss: 0.949

🚀Target 1: 1.093

🚀Target 2: 1.141

🛡️Trade Management:
- Execution Strategy: When price reaches Target 1, reduce position by 50% and immediately move stop loss to entry price. Trail the remaining position for profit, targeting Target 2. If price fails to hold above 1-hour EMA20, consider early exit.

( Deep Logic: Order book data shows thick buy depth and dense support below. Although 1H buy/sell ratio is nearly balanced, open interest remained stable during price decline, suggesting possible washout rather than major liquidation. 4H EMA50 (0.739) provides long-term trend support. Combined with negative funding rate environment, shorts face high holding costs, creating conditions for long rebound. )

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