$EGLD — Oversold Giant Waking Up

Current Price: ~$5.6–5.9

Event: Shorts squeezed at local bottom

🔑 Key Levels

Support: $5.20 → $4.90

Resistance: $6.20 → $7.00

📊 Market Insight

EGLD has been heavily oversold for weeks. This short liquidation signals first signs of accumulation, often preceding multi-leg recoveries.

🎯 Targets

Relief Rally: $6.20 → $7.00

Invalidation: Below $4.90

➡ Next Move

Watch for higher low above $5.20 — confirmation of trend reversal.

EGLD
EGLD
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