【$EGLD Signal】Pullback to add longs + 1H level charging, waiting for the main force to ignite a second time

$EGLD After experiencing a massive surge, the 1H level is now pulling back with decreasing volume to test the key EMA support zone, forming a strong consolidation structure. Although the 4H level is still in consolidation, the open interest remains stable, and the negative funding rate suggests a risk of short squeeze. The 1H RSI has rebounded from the oversold area, and momentum is building.

🎯Direction: Long

⚡Entry/Order: 4.146 - 4.188

🛑Stop Loss: 4.080

🚀Target 1: 4.350

🚀Target 2: 4.450

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price encounters resistance near Target 1 and pulls back, consider taking full profit.

(Depth Logic: The order book shows that buy orders below 4.18 are unusually thick, forming a strong support wall. The 1-hour price is closely hugging the EMA20, indicating a strong pullback. Open interest remains stable during the price decline, which is not typical of main force distribution but more like clearing out floating positions. The negative funding rate combined with firm price action hints at a potential short squeeze scenario. )

View real-time market 👇 $EGLD

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