【$EGLD Signal】1H breakout pullback confirmation, main force supports the market, targeting a secondary surge

$EGLD The 1H timeframe has experienced a massive bullish candle breakout and is currently in a healthy low-volume pullback phase. The 4H timeframe has already strongly broken above the downtrend line and stabilized above EMA20, forming a V-shaped reversal pattern. The current price consolidates around 5.17, which confirms the previous breakout rather than indicating a trend reversal.

🎯Direction: Long (Long)

🎯Entry/Order: 5.15 - 5.18 (Reason: 1H EMA20(4.97) is in a strong consolidation zone above, pulling back to the previous breakout level near 5.17, with significant buy support)

🛑Stop Loss: 4.99 (Reason: Break below 1H EMA50(4.79) and the lower boundary of the previous dense trading zone, which would invalidate the breakout structure)

🚀Target 1: 5.36 (Reason: Previous high resistance level, also the previous wave high on the 1H timeframe)

🚀Target 2: 5.55 (Reason: Potential symmetrical target of the V-shaped reversal on the 4H timeframe, also a small platform on the previous daily chart)

🛡️Trade Management:

- Position Size: Standard position (Reason: Resonance breakout on 4H and 1H, with stable Open Interest, clear signs of main force supporting the market)

- Execution Strategy: After the price reaches 5.36, reduce position by 50% and move stop loss to entry price 5.17. Hold the remaining position to target the second goal; if the price pulls back to 5.17 and breaks below, exit all positions.

Deep Logic: Over the past 4 hours, the price surged by 9.91%, but Open Interest remains stable, indicating that the rally is not driven by high-leverage longs "bubble," but supported by genuine buy orders or passive short covering. The 1H RSI(72.57) is high but not exhausted, leaving room for further upside. Market depth shows a large accumulation of orders (over 2000 EGLD) in the 5.15-5.16 range, forming a solid support wall. Market logic suggests upward movement, combined with stable OI, favoring main force entry or short squeeze scenarios, making long positions more favorable.

Trade here 👇 (
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