【$DEGO Signal】Long on Pullback Entry + 1H Strong Consolidation
$DEGO The 1H timeframe has experienced a sharp surge yesterday and is currently consolidating strongly at high levels. The 4H timeframe has formed a clear upward trend, with the price well above the EMA50, and the latest 4H candlestick shows a long lower shadow, indicating strong buying support below. On the 1H chart, the price is supported above the EMA20 (0.6890), and the RSI has fallen from overbought territory to healthy levels, preparing for another upward move. Open interest remains stable, combined with negative funding rates, indicating potential short squeeze. Market depth shows buy orders far exceeding sell orders, with clear main force support.
🎯Direction: Long
⚡Entry/Order: 0.6683 - 0.6856 (Pullback Entry)
🛑Stop Loss: 0.5916
🚀Target 1: 0.8735
🚀Target 2: 0.9674
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to the entry price. If the price fails to hold above the entry zone and turns downward, exit immediately.
(Depth Logic: Over the past 24 hours, the price has increased by more than 15%, with volume and price rising together, typical of a Hot Coin momentum rally. The 1H RSI is around 62, with healthy momentum and no bearish divergence. Although the 4H RSI is somewhat high, in a strong market, pullbacks are opportunities. Market depth imbalance is at 23%, with large buy orders stacking up, providing a solid foundation for the price. Negative funding rates indicate shorts are paying fees, and once the price moves again, a short squeeze could be triggered. )
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