EGLD/USDT 4H Analysis
We’re currently at a strong resistance zone (red) where the price has been rejected multiple times in the past. After another rejection at this level, it’s clear this area remains a key hurdle for bulls.
✅ What needs to happen:
A breakout above this resistance zone is crucial for the price to rally further.
Watch for confirmation with increased volume and strong bullish momentum after the breakout.
🚨 Plan:
Until the resistance is broken, the upside remains limited. Stay cautious and wait for confirmation before entering any long trades.
What’s your take? Let’s discuss below! 🚀
✅ What needs to happen:
A breakout above this resistance zone is crucial for the price to rally further.
Watch for confirmation with increased volume and strong bullish momentum after the breakout.
🚨 Plan:
Until the resistance is broken, the upside remains limited. Stay cautious and wait for confirmation before entering any long trades.
What’s your take? Let’s discuss below! 🚀
WiVERIDERS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
WiVERIDERS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.