【$EGLD Signal】Long | Breakout and Pullback Confirmation, Institutional Support and Accumulation

$EGLD After breaking through the key resistance at 4.65, the price is undergoing a healthy volume contraction pullback, with deep buy orders accumulating, indicating institutional support.

🎯Direction: Long

🎯Entry: 4.62 - 4.58

🛑Stop Loss: 4.52 (Breaking below previous low and EMA50 support, rigid stop loss)

🚀Target 1: 4.85

🚀Target 2: 5.00

Market Analysis: The price strongly broke through the 4.65 resistance level (former high turn point), followed by shrinking volume, which is a typical healthy reset after a breakout. The 4-hour K-line shows clear buy absorption, with very weak selling pressure.

Core Logic: 1. Technical Resonance: Price stabilizes above EMA20 (4.541), RSI (55.45) in a healthy neutral zone, with no overbought risk. ATR (0.118) indicates moderate volatility, conducive to trend continuation.

2. Order Book Signal: Depth imbalance is -4.81%, but the key support levels (4.62-4.58) have significantly thicker buy orders than sell orders, forming a hidden support wall—typical institutional accumulation and support structure.

3. Market Structure: Open interest remains stable, funding rate is only 0.01%, ruling out short squeeze or excessive leverage risks. Price action shows orderly upward movement rather than emotional FOMO. Pullback to the breakout level and EMA20 area presents a low-risk, high-reward long entry point.

Trade here 👇 $EGLD

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