EGLD is quietly climbing while everyone's staring at the same 3 coins. Here's why it matters. ๐
MultiversX up 4.8% โ and the technical setup is one of the cleanest on the board right now.
๐ The Setup:
EGLD is in a confirmed uptrend. RSI at 56 on 4H and nearly 60 on daily โ strong but not overbought. MACD is positive and expanding on both timeframes. Price is above all key SMAs.
The ecosystem updates and cross-chain partnerships are adding real fundamental support behind this move.
Why this setup is clean:
โข Strong uptrend on both 4H and daily timeframes
โข MACD bullish and expanding โ momentum building, not fading
โข RSI healthy at 56-60 โ room to run before overbought
โข Ecosystem catalysts providing fundamental backing
๐ฏ Trade Plan:
STRATEGY: BUY
โข Entry zone: $3.15-3.30 (current levels or slight pullback)
โข SL: $2.95 (below 25-SMA support)
โข TP1: $3.60 | TP2: $4.00
โข R/R: 1.4 โ clean setup with defined risk
The 99-day SMA at $3.52 is the first real resistance. Break that and it opens up significantly more upside.
EGLD on your watchlist or sleeping on it? ๐
$EGLD #BinanceSquare #MultiversX
โ ๏ธ Disclaimer: This is NOT financial advice. Always do your own research. Crypto trading carries significant risk.