#Gate蓝龙虾重磅上线 #伊朗在霍尔木兹海峡布设水雷 #原油价格回落 【$DEGO Signal】Short squeeze continues, pullback is a buying opportunity

$DEGO 1H timeframe is in a strong consolidation at high levels, with price staying just above EMA20, and momentum remains strong. After a massive surge on the 4H timeframe, the market has entered a healthy consolidation phase, with open interest stable. Negative funding rates suggest shorts are still being squeezed, which is a typical sign of a continuing short squeeze.

🎯Direction: Long

⚡Entry/Order: 0.7329 - 0.7518 (Patiently wait for a pullback to the optimal entry zone)

🛑Stop Loss: 0.6927

🚀Target 1: 0.9883

🚀Target 2: 1.1066

🛡️Trade Management:

- Execution Strategy: After the price hits the first target at 0.9883, reduce position by 50%, and move the stop loss of the remaining position up to the entry price. If the price fails to pull back to the entry zone and instead breaks through the previous high of 0.9308 with increased volume, consider a light long position, but strictly set the stop loss below 0.9000.

Deep Logic: Market depth shows significant buy-side support, indicating strong institutional backing. Although the 1-hour RSI is high, no bearish divergence is observed, suggesting upward momentum is still intact. Coupled with large negative funding rates and stable open interest, there is a strong market expectation of a short squeeze. Currently, the price is far from the optimal entry zone; chasing high is strictly prohibited. Waiting for a pullback confirmation is the best risk-reward strategy.

View real-time market 👇 $DEGO

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