📉 $EGLD Trade Signal: Short (Sell) Strategy
Use this strategy if you are betting on the price continuing to fall.
• Entry Zone: $6.10 – $6.20 (Enter on a small bounce/rejection) OR Break below $5.80 (Breakout entry).
• Take Profit (Targets):
• TP1: $5.80 (Immediate support)
• TP2: $5.40 (Recent Low / Major Support)
• Stop Loss: $6.35 (Invalidates the bearish trend if reclaimed).
• Leverage: Low to Mid (3x - 5x) due to volatility.
Current Market Trend: 📉 Bearish (Down)
• Current Price: ~$5.95 - $6.05
• Momentum: The price has broken key moving averages and is trending toward its All-Time Low (ATL). Recent news regarding margin pair delistings on major exchanges has added selling pressure.
🐂 Alternative: Aggressive Long (Bounce Play)
Only use this if EGLD holds the $5.80 support level strongly.
• Entry: $5.80 - $5.85
• Target: $6.25
• Stop Loss: $5.65
