$EGLD /USDT TECHNICAL ANALYSIS – STRONG BULLISH REVERSAL IN PLAY 🔥
BULLS TAKE CHARGE – MOMENTUM POINTS TO FURTHER UPSIDE
$EGLD/USDT has printed a strong impulsive move of nearly +10%, breaking above the recent resistance zone around 6.50–6.60 with solid volume. Price acceptance above this level signals a trend reversal from the prior downtrend into a short-term bullish structure. As long as buyers defend the breakout area, the next move is likely continuation toward higher resistance zones.
📈 TRADE SETUP (LONG)
Entry (Buy):
6.60 – 6.75 (pullback to breakout zone or continuation entry)
Targets (TP):
TP1: 7.10
TP2: 7.60
TP3: 8.20
Stop Loss (SL):
6.05 (below previous demand and structure low)
🔎 MARKET OUTLOOK
The market structure has shifted bullish on lower timeframes, supported by increasing volume and higher-high formation. Holding above 6.50 keeps the upside bias intact. A successful break above 6.85 can accelerate momentum, while failure to hold support may lead to brief consolidation before another attempt higher.
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