【$EGLD Signal】Pullback to add longs + 1H level funds support

$EGLD The 1H level has formed a short-term support zone between 4.30-4.38. The price is declining but open interest (OI) remains stable, indicating it’s not purely a long squeeze. There may be funds supporting the price from below. Currently, the price is testing the 1H EMA20 resistance (4.385). Although the 4H level is in a downtrend channel, the 1H RSI (48.52) has exited the oversold zone, showing potential for a rebound.

🎯Direction: Long (Long)

⚡Entry/Order: 4.349 - 4.371

🛑Stop Loss: 4.248

🚀Target 1: 4.494

🚀Target 2: 4.558

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry average price. Trail the remaining position’s stop loss; if the price pulls back and breaks below 4.38 (1H EMA20), exit all positions.

Depth Logic: The order book depth imbalance is -5.03%, indicating slightly more selling pressure. However, buy orders below (in the 4.378-4.359 range) show some willingness to absorb sell-offs. The 1H chart shows a volume spike with a long lower shadow near 4.30, combined with stable OI, suggesting weakening downward momentum and possible accumulation by major players. This is a typical pullback to support opportunity, aiming for a rebound towards the 4H midline (around 4.49).

View real-time market 👇 $EGLD

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