$DEGEN is a long here. The 4h chart has shifted from damage control to base-building: price is above the 200 MA, back over the 30 MA, and compressing around 0.00076 after reclaiming the post-dump range. On the 15m, this is a squeeze, not exhaustion.
Why now: the freshest tradable catalyst is DEGEN’s staking rollout for NFTs and tokens. That matters because it pushes the token away from pure meme reflex and toward utility repricing. When a coin gets a real usage narrative while price is already rebuilding its 4h structure, forced repricing is exactly what tends to follow.
Bias: Long
Entry: 0.000756–0.000762
SL: 0.000744
TP1: 0.000772
TP2: 0.000790
TP3: 0.000821
The people who pay are the ones still shorting it like the staking launch changed nothing.