$EGLD No Bullish candle 1d, I have prepared my fund for DCA, at least up to a maximum decline to $21.

My POV

1. EMA Crossover : EMA7 (yellow) has crossed below the EMA99 (purple), indicating a death cross and potential bearish trend.

2. Pinbar Candlestick : A candle with a long upper wick near the crossing area indicates price rejection from higher levels, signaling strong selling pressure.

3. Confirmation: The candle following the pinbar supports downward price movement, confirming bearish trend continuation.

4. Additional Indicators:

- RSI : (32) approaches oversold territory but still supports selling pressure.

- Increased trading volume validates the signal.

Trading Strategy

1. Entry : Wait for confirmation (candle closing below pinbar low) before opening a sell position.

2. Stop Loss : Place above pinbar or EMA99 to minimize risk.

3. Take Profit : Set target near support levels $29.xx

This chart indicates a strong bearish signal, primarily due to the EMA death cross and price rejection through a pinbar. However, ensure good risk management as the RSI is nearing the oversold zone.

Additional note : For an upward move, the condition is to hold above $35.4 on the daily timeframe or a close not below $33.5