$EGLD Short 10x | Zone touch confirmed, invalidation defined.
EGLD has hit the critical zone where the short setup is firmly established. The short position is active, but defending this zone is essential.
Trade Plan:
- Entry: 4.07900 – 4.10300
- TP1: 4.00500 (R:R 1:0.7)
- TP2: 3.94800 (R:R 1:1.2)
- TP3: 3.86200 (R:R 1:2.0)
- SL: 4.20600
Why this setup?
- The 4h timeframe continues to back the short thesis, with price action aligning perfectly at 4.07900–4.10300 near 4.09100.
- The 15m RSI at 37 indicates a neutral momentum, allowing for potential downside movement; the zone must validate itself.
- Strong volume supports the move: 4.00500x, with 11.58K traded against an expected 2.90K.
Trade here 👇 and is it time to safeguard your capital, or do we lean into the downside?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
EGLD has hit the critical zone where the short setup is firmly established. The short position is active, but defending this zone is essential.
Trade Plan:
- Entry: 4.07900 – 4.10300
- TP1: 4.00500 (R:R 1:0.7)
- TP2: 3.94800 (R:R 1:1.2)
- TP3: 3.86200 (R:R 1:2.0)
- SL: 4.20600
Why this setup?
- The 4h timeframe continues to back the short thesis, with price action aligning perfectly at 4.07900–4.10300 near 4.09100.
- The 15m RSI at 37 indicates a neutral momentum, allowing for potential downside movement; the zone must validate itself.
- Strong volume supports the move: 4.00500x, with 11.58K traded against an expected 2.90K.
Trade here 👇 and is it time to safeguard your capital, or do we lean into the downside?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
