Futures Trade Signal: $EGLD /USDT
Signal Type: LONG 📈
Strategy: Trend Reversal & Continuation
Analysis:
The asset is showing a clear trend reversal after a period of decline. The 30-minute chart displays a rounding bottom formation, with the price now establishing a solid uptrend above its key moving averages. The 15-minute chart confirms this with a steady pattern of higher lows, indicating consistent buying pressure. The price is holding well above its MAs, which are acting as strong dynamic support. We are entering a long position to follow this renewed bullish momentum.
Entry Zone: $9.95 - $10.10
(Enter on the current consolidation or on a small dip towards the 7-MA support)
🎯 Target 1: $10.45
🎯 Target 2: $10.70
🎯 Target 3: $11.00
🚫 Stop-Loss: $9.78