【$DEGO Signal】Healthy pullback after a strong breakout on the 1H level with a pullback

The 1H level has experienced a massive rally and is currently in a high-level consolidation phase to digest gains. A single epic bullish candle on the 4H level directly broke through all moving averages, indicating a complete trend reversal. Currently, the 1-hour RSI has fallen from overbought territory to around 78, and the price is pulling back to test the 1-hour EMA20 (approximately 0.42) for support. This is a typical first pullback buy point in a strong market. Market depth shows substantial buy orders, open interest remains stable, and the high negative funding rate indicates that bears are being continuously squeezed, providing strong momentum for the price.

🎯 Direction: Long

⚡ Entry/Order: 0.411 - 0.421 zone, staggered entries

🛑 Stop Loss: 0.395

🚀 Target 1: 0.48

🚀 Target 2: 0.55

🛡️ Trading Management:

- Execution Strategy: Use staggered position building. After reaching Target 1, reduce positions by 50% to lock in profits, and move the stop loss of the remaining position to the entry price. If the price fails to hold above the entry zone and breaks below the stop loss, exit decisively.

Depth Logic: The 4-hour volume breakout exceeds 100 times, a clear signal of main capital entering the market, definitely not retail behavior. Although the 1-hour RSI is high, in a strong squeeze market, indicator dulling is normal. Current open interest is stable, and the negative funding rate is as high as -1.49%, indicating extremely high short positions. Any minor pullback could trigger further short covering buy orders, pushing the price higher again. The 0.395 level below is the upper boundary of the previous consolidation zone, forming a strong support.

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