Guys $EGLD is setting up for a potential short opportunity 🎯
Entry: 5.24 - 5.26
🎯 TP1: 5.15
🎯 TP2: 5.00
Price just hit resistance right at 5.26 and showed an immediate rejection candle. Long positioning is looking slightly crowded near the top.
If resistance holds firm here, we could see a pull back toward lower support levels.
Keeping an eye on the rejection continuation 👀
Entry: 5.24 - 5.26
🎯 TP1: 5.15
🎯 TP2: 5.00
Price just hit resistance right at 5.26 and showed an immediate rejection candle. Long positioning is looking slightly crowded near the top.
If resistance holds firm here, we could see a pull back toward lower support levels.
Keeping an eye on the rejection continuation 👀