【$EGLD Signal】Long - 1H breakout pullback, clear signs of main force supporting the market

$EGLD The 1H level is testing the EMA20 with a pullback, and the price is supported around 4.18. Although the 4H level is in consolidation, the open interest remains stable, and there has been no large-scale reduction during price declines, indicating that the main force has not exited the market. The 1-hour RSI is approaching 50, with neutral to slightly strong momentum. The buy volume is exceptionally thick in the 4.16-4.17 range, forming a strong support. The current price is at the lower end of the suggested entry zone, making it an excellent position for accumulation.

🎯Direction: Long

⚡Entry/Order: 4.183 - 4.195

🛑Stop Loss: 4.155

🚀Target 1: 4.26

🚀Target 2: 4.32

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price of 4.183. Hold the remaining position for Target 2. If the price retraces and hits the moved stop loss, exit all positions to lock in profits.

Depth Logic: Market logic indicates a decline, but open interest remains stable, which is more like a shakeout rather than a main force exit. The 1-hour candlestick recently closed above EMA20, showing a short-term trend reversal. The order book shows dense buy orders in the 4.168 to 4.155 range, forming a solid defense line. Combined with positive funding rates, market sentiment is bullish, and the risk of a short squeeze is low. This is a typical “pullback to buy” structure with an excellent risk-reward ratio.

View real-time quotes 👇 $EGLD

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