【$DEGO Signal】Bounce on Pullback! 1H Oversold Rebound, Clear Signs of Main Force Support

$DEGO 1H timeframe just experienced a waterfall-like decline, with price quickly rebounding after touching the strong support at 0.808, forming a long lower wick. Although the 4H level shows pullback from highs, open interest remains stable with no signs of panic liquidation, suggesting the main force may be supporting here. Current 1-hour RSI has entered the oversold zone, indicating a need for technical rebound. Order flow data shows buy-side depth significantly thicker than sell-side, with strong support below.

🎯 Direction: Long

⚡ Entry/Pending Orders: 0.8398 - 0.8732

🛑 Stop Loss: 0.8189

🚀 Target 1: 0.9819

🚀 Target 2: 1.0362

🛡 ️Trade Management:

- Execution Strategy: Reduce position by 50% when price reaches Target 1, and move stop loss up to entry price. Trail the remaining position for take profit; exit entirely if price retraces and breaks below 1-hour EMA20.

Deep Logic: Stable open interest during the crash, combined with negative funding rates, suggests this is more like long leverage liquidation rather than main force distribution. The 1-hour K-line shows massive buy volume at 0.808, forming a clear "pin" pattern, a strong signal for short-term reversal. Meanwhile, severe buy-side depth imbalance indicates strong support below, providing fuel for the rebound. Current price has moved far from 1-hour EMA20; waiting for a pullback to the suggested entry zone would be a safer sniper point.

View Live Chart 👇 $DEGO

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