Signal $EGLD | Long-Term and Short-Term Trading: 1-Hour Momentum Boosts, Negative Funding Rate Supports the Market

4-Hour RSI $EGLD jumps above 80, with the funding rate still remaining negative at -0.0806%. Buy orders continue to push the price above the 1-Hour upper Bollinger Band at 3.5599. The 4-Hour MACD histogram continues to expand, indicating that bullish momentum has not yet weakened. The current risk-reward ratio is 1.5. Tight position control is needed when entering the market at higher levels, but the negative funding rate and high trading volume suggest that sellers have not given up.

🎯 Direction: Buy

⚡ Entry/Pending Order: 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 to breakeven. If price drops back to the entry level, the position will automatically close to protect your capital.

Deep Logic: Open Interest (OI) is stable but transaction costs are negative, showing that buying pressure has not yet used leverage to push prices higher. Closing additional short positions can accelerate this. The 1-Hour RSI at 75 is not extreme and still has room to rise.

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