EGLD is in strong buying pressure and has also broken through the resistance zone at 8$, and the heading target is the 10$ zone. There will be a significant selling force that could cause the EDLD to return to the 8$ zone and then rise sharply to break the 10$ zone to move up to the 14$ zone
📈BUY- LONG Strategy
- Buy close to 7.5-8$, stoploss if B
📉SELL-SHORT Strategy
- Sell close to 10-10.5$ if B, stoploss if A
- Sell close to 14-14.5$ if B, stoploss if A
♻️BACK-UP Plan
- Sell close to 7.5-8$ if B, stoploss if A
- Buy close to 5-5.5$ if A, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"