【$DEGO Signal】Long! 1H strong breakout, main force initiates short squeeze

$DEGO The 1H timeframe has just completed a strong breakout from the previous consolidation zone, with the price reaching new highs and momentum extremely strong. The 4H timeframe has closed consecutive bullish candles, forming a clear upward trend. Although the current price is at a high level, the negative funding rate and stable open interest indicate that the bears are being squeezed, which is a typical sign of a short squeeze.

🎯Direction: Long

⚡Entry/Order Placement: Wait for the price to retrace to the 0.6265 - 0.6427 range to accumulate in batches. If the price rejects the retracement and firmly stays above 0.7540, consider a light long position.

🛑Stop Loss: 0.5441

🚀Target 1: 0.8398

🚀Target 2: 0.9384

🛡️Trading Management:

- Execution Strategy: Use a scaled take-profit approach. When the price reaches the first target of 0.8398, reduce the position by 50%, and move the stop loss of the remaining position to the entry price. Hold the remaining position for the second target; if a 1H top divergence or volume stagnation occurs, exit all positions.

Depth Logic: The 1-hour RSI is high but not exhausted, indicating healthy momentum. The key point is that during a 33% price surge, open interest remains stable, and the funding rate is negative, strongly suggesting that institutional funds are continuously buying and squeezing out short positions, rather than retail FOMO. Market depth shows a large number of buy orders accumulated in the 0.7520-0.7540 range, forming short-term support. The 4H chart has already stabilized above all moving averages, with a clear upward trend.

View real-time market 👇 $DEGO

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