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

$DEGO 1H level experienced rapid decline, found support near 0.973 and rebounded. Price currently oscillating around 1.002, attempting to retake the 1-hour EMA20. On the 4H level, price remains in the pullback phase of an uptrend channel. Open interest remains stable with no large-scale longs exiting. Negative funding rates suggest shorts face squeeze risks. Current 1-hour RSI has recovered from oversold to neutral zone, momentum is recovering.

🎯Direction: Long (Pullback Long)

⚡Entry/Pending Orders: Stagger entries in 0.974 - 0.998 range

🛑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 to profit target, aiming for Target 2. If price cannot hold above 1-hour EMA20, consider early exit.

( Deep Logic: Order book data shows thick bid depth and dense support below. Although 1-hour buy/sell ratio is nearly balanced, open interest didn't decrease during price decline, suggesting this may be wash trading rather than major liquidation. 4H EMA50 (0.739) provides long-term trend support. Combined with negative funding rate environment, shorts carry high holding costs, creating conditions for long rebound. )

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