$EGLD
EGLDUSDT | Perp
Current Price: 8.168 (+2.03%)
Clear bullish signals on the 1-hour chart. After a healthy pullback, price tested and respected the 7.90–8.00 support zone, with buyers stepping in strongly. The recent green candles show strong momentum, and higher lows are forming, pushing the price back above the short-term range.
This move suggests that as long as EGLD holds above the key support, buyers remain in control and the uptrend can continue. Noticeable buying strength around 8.10–8.15.
If momentum stays intact, $EGLD can easily extend toward the next supply zone, as there is minimal resistance in between. A loss of support would invalidate the setup, so risk management is crucial.
🎯 Targets
entry: 8.199
Target 1: 8.400
Target 2: 8.450
Stop Loss: 7.890
