【$EGLD Signal】Long - 1H breakout and retest confirmation, signs of main force supporting the market

$EGLD The 1H timeframe is consolidating strongly above the EMA20 (4.486), just confirming a breakout above the psychological level of 4.50. Although the 4H timeframe is in consolidation, the latest 4H bullish candle has a full body, and the buying proportion (56%) has significantly increased, indicating main force involvement. Under a negative funding rate environment, open interest remains stable, and prices are firm, with potential for short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 4.515 - 4.525 (Reason: Above the 1H EMA20 support zone & retest confirmation after breaking a small platform )

🛑Stop Loss: 4.465 (Reason: Break below 1H EMA50 support & previous rally starting point )

🚀Target 1: 4.65 (Reason: Resistance area of previous high on the 4H timeframe )

🚀Target 2: 4.75 (Reason: Downtrend line resistance on the daily chart & 1.272 Fibonacci extension level )

🛡Trade Management:

- Position size suggestion: Light position (Reason: 4H trend is not fully clear, but 1H structure is strong, aiming for a small position with high reward )

- Execution strategy: After the price reaches 4.65 (Target 1), reduce position by 50%, and move the remaining stop loss to the entry price of 4.515. If the price strongly breaks through 4.65 and stabilizes, hold the remaining position towards 4.75.

Deep logic: Market depth shows a large accumulation of buy orders (4.50-4.51), forming a solid support. The 1H RSI (54.81) is in a healthy bullish zone with room to rise. Market logic indicates “price rising,” and combined with stable open interest, this is not just a pure short squeeze but a controlled upward push after main force support. During the 1H cycle, buy volume ratio reached 62%, with significant capital inflow.

View real-time market 👇 $EGLD

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