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

$DEGO 1H level experienced rapid decline, found support near 0.973 and rebounded. Current price oscillating around 1.002, attempting to reclaim the 1-hour EMA20. On the 4-hour level, price remains in the pullback phase of an uptrend channel. Open interest remains stable with no significant long liquidation. Negative funding rates suggest short squeeze risk. Current 1-hour RSI has recovered from oversold to neutral zone, momentum is repairing.

🎯Direction: Long (Pullback Long)

⚡Entry/Limit 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 stop loss on remaining position for Target 2. If price cannot hold above 1-hour EMA20, consider exiting early.

( Deep Logic: Order book data shows thick bid depth and dense support below. Although 1-hour buy/sell ratio approaches equilibrium, open interest did not decline during price drop, suggesting possible shakeout rather than major exits. 4-hour EMA50 (0.739) provides long-term trend support. Combined with negative funding rate environment, short positions have high carrying costs, creating conditions for multi-sided rebound. )

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