【$EGLD Signal】1H pullback confirmation, sniper entry for 4H trend continuation

$EGLD The 1H timeframe is oscillating near the critical EMA20 (4.582), which is a healthy pullback after the strong rally in the past 24 hours. The 4H timeframe has formed a clear upward structure, with the price holding above all short-term moving averages, and momentum remains strong. The current consolidation presents an excellent short-term entry point.

🎯Direction: Long (Long)

🎯Entry/Order: 4.580 - 4.590 (Reason: Dynamic support from 1H EMA20 and the upper boundary of the dense trading zone)

🛑Stop Loss: 4.520 (Reason: Break below the previous 1H candle low and 4H EMA20 support)

🚀Target 1: 4.750 (Reason: Previous high resistance and 4H Fibonacci 0.618 extension level)

🚀Target 2: 4.950 (Reason: 0.786 retracement level of the previous daily decline)

🛡️Trading Management:

- Position Size Recommendation: Standard position (Reason: Clear 4H trend, well-defined 1H pullback structure, favorable risk-reward ratio)

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop-loss to entry price. Hold the remaining position to aim for Target 2. If a stagnation candle appears near Target 1, exit all positions.

Deep Logic: Although the latest 1H buy volume ratio is relatively low, open interest (OI) remains stable with no significant outflow, indicating that bulls are not panicking and exiting positions. The 1H RSI (54.62) is in a healthy zone, leaving room for further upward movement. Market depth shows a large accumulation of buy orders in the 4.570-4.560 range (over 6000 units), providing strong support. Coupled with continuous bullish volume on the 4H candles, this pullback is likely a shakeout by the main players rather than a trend reversal.

View real-time market 👇 $EGLD

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