$EGLD Signal | Long-term short-term trading: 1H momentum squeezes the shorts, negative funding keeps the floor supported

$EGLD RSI: 4H surges above 80, funding rate -0.0806% remains negative; buy orders continue pushing the price to break above the 1H Bollinger upper band at 3.5599. The 4H MACD histogram continues to expand; long momentum has not shown signs of exhaustion. Current risk-reward ratio is 1.5. Chasing orders at this high level require strict position sizing, but negative funding + rising volume indicates the shorts have not surrendered yet.

🎯Direction: Go long

⚡Entry/limit orders: 3.58521 - 3.59600

🛑Stop loss: 3.41620

🚀Target 1: 3.86570

🚀Target 2: 4.00055

🛡️Trade management:
- Execution strategy: After reaching target 1, reduce the position by 50% and move the stop loss up to breakeven. If the price falls back to the entry level, automatically exit to protect principal.

Deep rationale: OI is stable while funding remains slightly negative; the buy side has not yet used leverage to drive the move higher. If the shorts start covering later, the rally could accelerate. 1H RSI 75 is not extreme yet, and there is still room.

View live market data 👇 $EGLD
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