【$EGLD Signal】Oversold Rebound Sniping! 1H RSI Bottom Divergence + 4H Key Support Resonance

$EGLD The 1H timeframe has formed a strong support level in the 4.82-4.83 range, with RSI(1H) dropping to 29.76, indicating severe oversold conditions and a bottom divergence with price. The 4H timeframe price has already touched the EMA50(4.836) key support, and open interest(OI) remains stable without signs of panic selling, suggesting main force defending the price or accumulating positions. Currently, the 1H candlestick is consolidating with decreasing volume at the support level, indicating an imminent reversal.

🎯 Direction: Go Long (Long)

🎯 Entry/Order: 4.830 - 4.835 ( Reason: Current price is at the lower boundary of the 1H support platform + resonance zone with 4H EMA50)

🛑 Stop Loss: 4.780 ( Reason: Break below the lower boundary of the 1H dense trading zone and ATR(0.176) by one timespan)

🚀 Target 1: 5.000 ( Reason: Starting point of the previous 4H decline and psychological round number)

🚀 Target 2: 5.150 ( Reason: 4H resistance level and Fibonacci 0.382 retracement)

🛡️ Trading Management:

- Position Size Suggestion: Light ( Reason: Overall daily trend remains weak; this is a counter-trend rebound play)

- Execution Strategy: After the price reaches 5.000, move the stop loss up to the entry price of 4.835 to break even. For the remaining position, target 5.150. If a stagnation candle (such as an upper shadow) appears on the 1H timeframe, consider taking profit early.

Deep Logic: Market depth shows a large accumulation of buy orders in the 4.81-4.83 range (total over 7000 units), forming a solid buffer. Despite the price decline, open interest remains stable, indicating it is not main force unloading but long leverage cleaning. The bottom divergence on the 1H RSI provides a clear rebound signal. Combined with positive funding rates, the conditions for a short squeeze rebound are preliminarily met.

Trade here 👇 $EGLD

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL