$EGLD BOUNCE INTO SUPPLY AFTER TREND DAMAGE, FAVOR SELLER RESPONSE

Short $EGLD

Entry: 4.05 - 4.12

SL: 4.22

TP1: 4.00

TP2: 3.96

TP3: 3.88

EGLD is reacting off 3.966, but the broader structure still leans heavy and price is bouncing straight into resistance left by the last leg down. That keeps the move looking like a relief rally rather than a confirmed reversal, with downside liquidity still vulnerable if 4.00 gives way again. The stop above 4.22 is logical because a move through that area would show buyers have actually reclaimed the damaged structure.

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EGLD
EGLDUSDT
4.229
+3.77%