Trading Signal: LONG (Buy)
Pair: $EGLD/USDT Perpetual
Entry Zone: $3.290 – $3.336
Take Profit (TP): $3.529
Stop Loss (SL): $3.102
Trade Setup Analysis
1. Trendline / Pattern Breakout: Price has broken out above the descending resistance line/falling wedge pattern on the 1h chart.
2. Support Confirmation: Price held key support around the $3.200 level (highlighted in the purple zone) before making a higher low and pushing upward.
3. Risk-to-Reward Ratio:
Risk: ~$0.20 (from $3.30 entry down to $3.102 SL)
Reward: ~$0.23 (from $3.30 entry up to $3.529 TP)
R:R Ratio: ~1:1.15
#EGLD #BinanceSquareTalks #EGLDUSDT
Pair: $EGLD/USDT Perpetual
Entry Zone: $3.290 – $3.336
Take Profit (TP): $3.529
Stop Loss (SL): $3.102
Trade Setup Analysis
1. Trendline / Pattern Breakout: Price has broken out above the descending resistance line/falling wedge pattern on the 1h chart.
2. Support Confirmation: Price held key support around the $3.200 level (highlighted in the purple zone) before making a higher low and pushing upward.
3. Risk-to-Reward Ratio:
Risk: ~$0.20 (from $3.30 entry down to $3.102 SL)
Reward: ~$0.23 (from $3.30 entry up to $3.529 TP)
R:R Ratio: ~1:1.15
#EGLD #BinanceSquareTalks #EGLDUSDT
