EGLD is very bullish
EGLD is very bullish with great gains these past two days, however, right now we are under resistance which pushed us lower. As you can see we've formed an ascending channel that will take us higher if it holds.Bias is bullish , but wait for this correction to end as it's unlikely we push higher in the immediate future. The Fib 161% level has acted as resistance and is pushing us lower now.
My trading plan for [EGLD/USDT ]market looks like this:
-open $52- Stop below the support and the local swing low
- Profit target is 75$ resistance
- Risk per trade up to 5%
-In addition, we monitor other indicators
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
My trading plan for [EGLD/USDT ]market looks like this:
-open $52- Stop below the support and the local swing low
- Profit target is 75$ resistance
- Risk per trade up to 5%
-In addition, we monitor other indicators
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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