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

After experiencing a significant rally, the 1H timeframe price has moved far away from the short-term moving averages and entered overbought territory, with RSI reaching 87, indicating a strong technical pullback demand. The 4H timeframe shows a clear upward trend, with the price stabilizing above all moving averages, and the latest 4-hour candlestick closing with increased volume and a bullish close, confirming the breakout's validity. The current order book shows selling pressure concentrated above 0.6770, while buying orders are stacked around 0.6750, suggesting limited room for a pullback.

🎯Direction: Long (Pullback to Long)

⚡Entry/Order: 0.5921 - 0.6054

🛑Stop Loss: 0.5650

🚀Target 1: 0.6800

🚀Target 2: 0.7380

🛡️Trade Management:

- Execution Strategy: Use staggered entries. If the price pulls back and stabilizes around 0.6054, establish the first position. If it continues to pull back and finds support near 0.5921, add to the position. After reaching Target 1, reduce by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2.

$DEGO Deep Logic: This is a healthy pullback after a typical "short squeeze." Although the 1H RSI indicates overbought conditions, the 4H trend remains intact, and open interest stays stable, suggesting that the rally is not solely driven by short covering but also by new funds entering the market. The order book imbalance shows selling pressure concentrated at higher levels, while buy support during the pullback is strong. Negative funding rates further squeeze shorts, fueling the subsequent upward move. Patience is recommended to wait for the price to pull back into the optimized entry zone, which offers the best risk-reward ratio for a sniper entry. (

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