๐ $EGLD โ What do you all think about this setup?
$EGLD just bounced hard from the lows and is trading around $8.25, up 12% today. The structure on the 15-min and higher timeframes is showing a steady trend shift โ higher highs, higher lows, and price holding above the short-term MAs.
With the 24h low at $7.09, this move looks like a strong reversal from the bottom.
Also, $EGLD has a relatively low supply compared to many other altcoins, and after the latest hardfork the inflation rate is getting reduced long-term, which could support future scarcity.
Honestly, with the price still near the lower end of its historical range and the fundamentals improving, it looks like an interesting point to start thinking about a long-term hold. But thatโs just my view โ not financial advice.
๐ง What do you all think?
Is this a smart zone to accumulate and hold for the future, considering the low supply and long-term potential?
Or would you wait for a deeper retest before entering?
Curious to hear everyoneโs thoughts ๐
