๐ฅ๐ $EGLD/USDT โ BULLISH REVERSAL LOADING! MARKET PREPARING FOR A STRONG UPSIDE MOVE! ๐๐ฅ
EGLD has bounced strongly from the 7.30 support zone, reclaiming the 8.00 level and now pushing above short-term moving averages. With MA(7) > MA(99) and price reclaiming momentum, the chart is signaling a potential bullish continuation toward the next resistance cluster at 8.50 โ 8.70.
๐ TRADE SETUP (LONG POSITION)
๐ฏ Entry Zone:
8.05 โ 8.20
๐ฅ Take Profit Targets:
TP1: 8.50
TP2: 8.70
TP3: 9.05
๐ Stop Loss:
7.78 (Below 7.90 support + MA confluence)
๐ SHORT MARKET OUTLOOK
Trend: Turning bullish as price stays above MA(7) and MA(99).
Momentum: Strong bounce from major support, rising volume confirms buyers stepping in.
Key Levels:
Support: 7.90 โ 7.70
Resistance: 8.50 โ 8.70 โ 9.05
A breakout above 8.70 will trigger a fresh bullish wave toward 9.00+.
