$EGLD After breaking through the key resistance at 4.65, it is undergoing a healthy pullback with decreasing volume, indicating institutional support through deep buy orders.
🎯 Direction: Long
🎯 Entry: 4.62 - 4.58
🛑 Stop Loss: 4.52 (below the previous low and EMA50 support, strict stop loss)
🚀 Target 1: 4.85
🚀 Target 2: 5.00
Market Analysis: The price strongly broke through the resistance level of 4.65 (previous high transition level), followed by a decrease in volume, which is typical of a healthy reset after a breakout. The 4-hour candlestick indicates evident buying absorption, with very weak selling pressure.
Core Logic: 1. Technical Resonance: The price is stable above EMA20 (4.541), RSI (55.45) is in a healthy neutral zone, with no overbought risk. ATR (0.118) shows moderate volatility, favorable for trend continuation.
2. Order Book Signal: The deep imbalance is -4.81%, but the thickness of buy orders at the key support level (4.62-4.58) is significantly better than sell orders, forming an invisible support wall, which is typical of institutional accumulation and support structure.
3. Market Structure: Open interest is stable, and the funding rate is only 0.01%, eliminating the risk of short squeezes or excessive leverage. Price action shows orderly advancement rather than emotional FOMO. Pulling back to the breakout level and EMA20 area is a low-risk, high-reward entry point for bulls.
Trade here 👇$EGLD
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