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$EGLD RANGE TOP REJECTION: SHORT SETUP TARGETS A 6% PULLBACK! 📉
Entry: 2.78–2.80 ⚡
Target: 2.73 🎯
Target: 2.68 🎯
Target: 2.62 💥
Stop Loss: 2.84 🛑
EGLD has methodically climbed into the upper band of its trading range, but price is now pressing against the 2.78–2.80 supply shelf — a zone where institutional shorts have historically defended. 📊 Momentum is stagnating precisely where buyers need to show conviction, and the failure to break through is noticeable.
This is the kind of structural level that rewards patience. A confirmed rejection opens the path toward 2.73, with 2.68 and 2.62 as the deeper descent targets if sellers gain traction. 🔻 The key is letting the market confirm — a bearish close below the zone, not a premature entry. 💡
💬 Are you fading this range top, or do you expect EGLD to finally break through? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#EGLD #ShortSetup #BANK #DEXE #Crypto 🐻 🔻