【$DEGO Signal】Pullback to Long + 1H Strong Breakout Confirmed on Retest

The 1H timeframe has experienced a massive rally and is currently consolidating strongly at high levels. The 4H timeframe has broken through the previous consolidation range with increased volume, forming a clear upward trend. The current 1-hour RSI has fallen from overbought territory to a healthy zone, preparing for another upward push. Market depth shows that buy orders remain substantial, open interest remains stable, and the negative funding rate is as high as -0.94%, indicating strong short squeeze expectations and significant short covering pressure. The price has moved far away from the 1-hour moving average, making chasing higher risky. The best strategy is to wait for a retest of key support levels.

🎯 Direction: Long (Pullback to Long)

⚡ Entry/Order: 0.357 - 0.365

🛑 Stop Loss: 0.345

🚀 Target 1: 0.395

🚀 Target 2: 0.425

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Use a trailing stop for the remaining position to aim for Target 2. If the price fails to hold above the upper boundary of the entry zone and turns downward, exit decisively.

Depth Logic: The 4-hour strong bullish candle establishes an uptrend, while the 1-hour remains strongly consolidating above the EMA20. The extreme negative funding rate indicates very high costs for short positions, and any stabilization in price could trigger a short squeeze. The entry zone combines 1-hour EMA support and previous breakout levels, offering an excellent risk-reward ratio for long entries. There is no significant resistance above, and the bullish structure is intact.

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