【$DEGO Signal】Short Squeeze Rebound! 1H Level Retracement Confirmed by EMA50, Main Force Supports the Market Under Negative Funding Rate

$DEGO The 1H level experienced a historic surge followed by a strong consolidation at high levels, with the price holding above the 1H EMA50 (0.2839). This is a sign of a confirmed strong retracement. A single large bullish candle on the 4H chart directly reversed the downward trend. Although the overall trend is not yet fully stabilized, the momentum structure on the 1H chart remains 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 supporting the market. The order book shows deep buy-side liquidity, RSI on the 1H remains high but without divergence, and momentum is still present.

🎯 Direction: Long (Buy on Dip)

⚡ 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 instead remained stable. This indicates that the new funds are not solely short-term profit-taking, and there is support from the main force. Meanwhile, the extreme negative funding rate suggests crowded short positions, and any small upward movement could trigger short covering and a squeeze, creating a positive feedback loop. The 1H RSI has fallen from overbought territory to a healthy zone, preparing for another upward move. Support levels at 0.2839 (1H EMA50) and 0.2858 (optimized entry zone) form a resonance support, making it an excellent sniper point.

View real-time market 👇 $DEGO

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