【$DEGO Signal】Pullback to Long + Short Squeeze Logic

$DEGO 1H timeframe, after experiencing a massive surge, is currently in a high-level consolidation phase. The 4H timeframe shows a towering pillar that directly reverses the downward trend, with the price now firmly above all short-term moving averages. Although the 1H RSI is in the high zone, it is not overbought, and open interest remains stable. Coupled with negative funding rates, there is a clear potential for a short squeeze. The price is far from the 1H moving averages, so chasing highs is not advisable. Patience and waiting for a pullback is the best entry point.

🎯 Direction: Long (buy on pullback)

⚡ Entry/Order: 0.3046 - 0.3114

🛑 Stop Loss: 0.2850

🚀 Target 1: 0.3750

🚀 Target 2: 0.3920

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and lock in profits. Move the stop loss of the remaining position up to the entry price. If the price strongly breaks through Target 2, consider holding some positions for greater gains, but strictly follow the take-profit levels.

Deep Logic: Massive trading volume in the past few hours accompanied by price increases, which is a clear signal of main force entering the market, rather than just a short squeeze. Open interest remains stable after the surge, indicating that long positions have not been widely profit-taken, and the chip structure is healthy. Currently, the funding rate is negative, but the price remains firm, creating a classic short squeeze environment. Shorts continue to pay fees, and once the price moves again, forced liquidations will push the price higher. The 0.30-0.31 zone below is a key 1H support level and previous breakout point, also an optimal entry area.

Check real-time market 👇 $DEGO

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