đ¨ BREAKOUT ALERT FOR $EGLD /USDT đ¨
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.
đĄ 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.
đ 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 â position yourself for the next big move!
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