【$DEGO Signal】Pullback Long! 1H Level Retest Confirmed, Institutional Support Evident

$DEGO After ( experienced a massive bearish candle, it found support at 0.9568 and is currently consolidating near 0.976. On the 4H level, price remains above EMA20 (0.9225) with the overall uptrend intact, but on the 1-hour chart price has moved far from EMA20 (1.0372), making direct chasing risky. Now is an excellent opportunity to wait for a pullback. Order flow shows strong buying depth with substantial buy orders accumulating around 0.9750, forming a support wall. Open interest remains stable without significant reduction despite price decline, suggesting institutional traders may still be in position. 1-hour RSI has recovered from oversold territory to 44, with momentum healing.

🎯Direction: Long (Limit Order on Pullback)

⚡Entry/Limit Order: 0.9719 - 0.9720

🛑Stop Loss: 0.9478

🚀Target 1: 1.0205

🚀Target 2: 1.0448

🛡️Trade Management:
- Execution Strategy: Reduce position by 50% upon reaching Target 1 and move stop loss up to entry price. Hold remaining position for Target 2; if price breaks through Target 2 strongly, consider holding part of the position to observe further.

) In-Depth Logic: This is a typical rebound opportunity after a sharp washout. The massive 1-hour bearish candle at 7 o'clock appears to be panic liquidation, but price subsequently failed to make a new low and open interest remained stable, indicating sustained short pressure is absent. Funding rate is negative; combined with price stabilization, there is potential for shorts to be squeezed. 1-hour RSI is showing early bullish divergence with clear buying depth advantage, providing liquidity foundation for the rebound. Recommend placing limit orders in the optimized support zone for an excellent risk-reward ratio. $DEGO

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