Short $EGLD as sellers defend 4.094–4.105 on the 4H
I'm watching for a rejection here. If sellers step in, it could lead to a drop towards 4.06.
What backs it:
- 4H price at 4.10 below EMA50 at 4.42, trend favors sellers
- BTC short-term trend bearish, supports this idea
- 1H RSI at 45, momentum has room to roll over
🔴 SHORT · Entry 4.094–4.105 · TP 4.060 / 4.034 / 3.995 · SL 4.164
NFA · DYOR
I'm watching for a rejection here. If sellers step in, it could lead to a drop towards 4.06.
What backs it:
- 4H price at 4.10 below EMA50 at 4.42, trend favors sellers
- BTC short-term trend bearish, supports this idea
- 1H RSI at 45, momentum has room to roll over
🔴 SHORT · Entry 4.094–4.105 · TP 4.060 / 4.034 / 3.995 · SL 4.164
NFA · DYOR