🚨 BREAKOUT ALERT FOR $EGLD /USDT 🚨

The $EGLD price is attempting a breakout from a descending channel, trading around $27.30. The momentum is building, and a sharp move could be on the horizon. Let's break down the key levels and the trade strategy.

💡 Key Levels to Watch:

Resistance Zone: $27.40 - $27.50

This level marks the upper boundary, and a breakout above it signals a potential rally.

Support Zone: $26.80 - $27.00

If the price retraces, this area should hold as a safety net to prevent further downside.

📈 Entry Strategy:

Long Trade: Enter above $27.50 once confirmed. Potential targets:

TP1: $27.80

TP2: $28.00

TP3: $28.20

Stop Loss: Set at $27.00 to manage risk.

Short Trade: If the price drops below $26.80, a short entry can target:

TP1: $26.50

TP2: $26.20

Stop Loss: $27.40 to limit exposure.

⚡ Action Alert:

With $EGLD nearing a breakout point, traders need to stay sharp. A successful move above $27.50 could trigger bullish momentum, while a fall below $26.80 opens short opportunities.

The clock is ticking – position yourself for the next big move!

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