【$EGLD Signal】Pullback to Long + 1H Level RSI Bottom Divergence Setup

The 1H level is oscillating narrowly between 4.42-4.46, and the RSI$EGLD 1H( shows signs of bottom divergence, indicating the price is refusing to fall further. Although the 4H level is in a downtrend channel, the open interest remains stable, and there is no sign of panic selling, which signals that the main force is supporting the market. A short-term reversal is imminent, and a technical rebound is expected.

🎯Direction: Long )Long(

⚡Entry/Order: 4.415 - 4.425

🛑Stop Loss: 4.365

🚀Target 1: 4.52

🚀Target 2: 4.62

🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, take profit on 50% of the position, and move the stop loss on the remaining position up to the entry price of 4.425. If the price cannot hold above 4.46, consider exiting early.

Depth Logic: The 1H RSI)41.61( shows a bottom divergence with the price, indicating weakening downward momentum. Market depth data shows a large accumulation of buy orders in the 4.41-4.42 range (over 5000 units), forming a strong support. Although the 4H trend is weak, open interest remains stable, and the funding rate is only 0.01%, with no risk of a short squeeze, creating favorable conditions for a short-term rebound. The current price is close to a recent strong support zone, offering an excellent risk-reward ratio.

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