$EGLD

EGLD
EGLDUSDT
5.266
-8.16%

USDT Perp 15m Analysis

Price is trading around 6.45 after a strong bounce from 6.32

Short term trend is recovering but overall structure is still weak

Key Resistance

6.55 to 6.63 zone

Break and close above 6.63 can push price to 6.80 then 7.00

Key Support

6.38 to 6.32 zone

If price drops below 6.32 next support is near 6.10

Trade Idea

Aggressive long only above 6.50 with good volume

Targets 6.63 then 6.80

Stop loss below 6.38

If price rejects from 6.55 to 6.63 area short scalp possible back to 6.40

Trend is range to slightly bullish intraday

Wait for confirmation before high leverage trades