$EGLD : Open a solid SHORT on bearish exhaustion.
EGLD shows a clear exhaustion signal after touching a high of 5.486, and the 15m chart is now trading below the MA25. With a negative funding rate of -0.1084% and a bearish rejection wick within the 1h timeframe, the setup favors a mean reversion toward the MA99 support.
Entry: 5.00 – 5.162
Stop Loss: 5.420
TP1: 4.65
TP2: 4.28
Click here to trade 👇
EGLD shows a clear exhaustion signal after touching a high of 5.486, and the 15m chart is now trading below the MA25. With a negative funding rate of -0.1084% and a bearish rejection wick within the 1h timeframe, the setup favors a mean reversion toward the MA99 support.
Entry: 5.00 – 5.162
Stop Loss: 5.420
TP1: 4.65
TP2: 4.28
Click here to trade 👇