🚨 $EGLD Liquidation Alert: Big Moves Incoming? 🚨
A massive $9.8578K short liquidation just hit at $47.923, signaling that sellers are getting squeezed. Such liquidations often trigger volatility, so it's time to stay sharp and plan your next move wisely!
What's Next for EGLD?
Here’s how you can approach the market:
📉 Buy Zone:
Look to buy between $46.5 - $48.0, as this range is a potential support area and an accumulation zone for bulls.
🎯 Target Levels:
1. Short-Term: $50.5
2. Mid-Term: $52.8
3. Long-Term: $55.0
🛑 Stop-Loss:
Place a stop-loss at $45.5 to limit downside risk if the market takes a bearish turn.
Key Insights:
Liquidations often indicate momentum. A short squeeze could propel EGLD higher, so this might be an excellent opportunity to ride the wave.
Watch trading volume and RSI indicators for confirmation of a breakout.
News about Elrond’s ecosystem growth or partnerships can amplify market moves.
Pro Tip: Keep emotions out of trading. Stick to your plan and risk only what you can afford to lose.
What’s your strategy? Are you ready to catch this wave? Let’s discuss!
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