【$DEGO Signal】Pullback buy opportunity! 1H level retest confirmed, clear signs of institutional support

$DEGO After a massive bearish candle at the 1H level caused a sharp decline, support was found at 0.9568. Currently, the price is oscillating around 0.976 for consolidation. From the 4H perspective, the price remains above the EMA20 (0.9225), and the overall upward trend has not been broken. However, on the 1-hour chart, the price has moved far away from the EMA20 (1.0372), making chasing highs risky. This is an excellent time to wait for a pullback. The order book shows substantial buy depth, with a large number of buy orders accumulated around 0.9750 below, forming a support wall. Open interest remains stable and has not decreased significantly despite the price drop, indicating that major players may not have exited the market. The 1-hour RSI has recovered from oversold territory to 44, and momentum is improving.

🎯 Direction: Long (limit orders on pullback)

⚡ Entry/Limit orders: 0.9719 - 0.9720

🛑 Stop loss: 0.9478

🚀 Target 1: 1.0205

🚀 Target 2: 1.0448

🛡️ Trade management:
- Execution strategy: Upon reaching Target 1, reduce the position by 50% and move the stop loss up to the entry price. Hold the remaining position toward Target 2. If the price strongly breaks through Target 2, consider holding part of the position for further observation.

( Deep logic: This is a typical rebound opportunity following a sharp washout caused by panic selling. The large bearish candle at 7 o'clock on the 1-hour chart appears to be panic liquidation, but subsequent price action failed to create new lows, and open interest remained stable, indicating that the bearish momentum did not persist. The funding rate is negative, and combined with the stabilization of the price, there is potential for a short squeeze. The 1-hour RSI shows early bullish divergence, and the buy depth advantage is evident, providing liquidity support for the rebound. It is recommended to place limit orders within the optimized support zone to achieve an excellent risk-reward ratio.

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