【$EGLD Signal】Dual-sided Pending Orders! 1H Triangle Convergence Ending, Imminent Trend Reversal

$EGLD The 1H price is consolidating within the 4.642-4.693 range, forming the final phase of a triangle convergence, with volatility dropping to the lowest point, indicating an imminent trend direction choice. The 4H timeframe remains weakly oscillating under the pressure of EMA20/50 moving averages, but open interest remains stable with no signs of panic selling. The current price is indecisive; entering the market now carries high risk. The best strategy is to place dual-sided pending orders and wait for a breakout.

🎯 Direction: Wait and see (Dual-sided pending orders)

⚡ Breakout Long Entry: 4.698 ( Reason: Breaks above the 1-hour consolidation upper boundary and previous high resistance, confirming bullish momentum )

⚡ Pullback Long Entry: 4.635 ( Reason: Rebounds off the strong 4H support zone and dense trading area lower boundary )

🛑 Long Stop Loss: 4.595 ( Reason: Breaks below key support zone, ATR-based stop loss )

🚀 Long Target 1: 4.78 ( Reason: Resistance at 4H EMA20 moving average )

🚀 Long Target 2: 4.85 ( Reason: Previous wave high )

⚡ Breakdown Short Entry: 4.628 ( Reason: Breaks below the 1-hour consolidation lower boundary, bears dominate )

🛑 Short Stop Loss: 4.665 ( Reason: Re-enters consolidation zone, structure invalidated )

🚀 Short Target 1: 4.55 ( Reason: Previous support area )

🚀 Short Target 2: 4.48 ( Reason: Previous low on daily chart )

🛡 Trading Management:

- Position size recommendation: Light. Only one side of the dual pending orders will trigger. Total position control at 3-5%.

- Execution strategy: If long is triggered, reduce target 1 by 50%, and move remaining stop loss to entry point. If short is triggered, reduce target 1 by 50%, and hold remaining position towards target 2. Upon entering in one direction, cancel the pending order on the opposite side.

Deep logic: The order book shows heavy sell orders above 4.66, but strong buy support exists in the 4.64-4.635 range, creating a standoff. Open interest remains stable, indicating not a major dump. The 1H RSI is around 42, neutral with room for upward correction. The key is which side the price breaks first; we are positioned on both sides of the wall.

Check real-time quotes 👇 $EGLD

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