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【$EGLD Signal】Long + 1H Breakout Confirmation
$EGLD 1H converging triangle breaks upward, price stands firmly above EMA20, bullish momentum is accumulating.
🎯 Direction: Long
⚡ Entry/Pending Order: 4.093 - 4.119
🛑 Stop Loss: 4.119
🚀 Target 1: 3.931
🚀 Target 2: 3.856
🛡 ️Trade Management:
- Execution Strategy: When price reaches the first target, reduce position by 50% to lock in profits, move stop loss of remaining position up to entry price, achieving zero-risk holding, allowing remaining position to pursue higher levels.
Market Microstructure: Bid levels 1-5 have accumulated massive pending orders, especially the 4.119-4.126 zone with unusually thick support level, forming solid support. Although the 4H is still in a downtrend, buying pressure at 1H is reversing the short-term decline, this is a typical "smaller timeframe driving larger timeframe" startup signal.
View Real-Time Market 👇 $EGLD
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