$EGLD /USDT – Post-Spike Drop Incoming? Short Setup Active! 🚨
Current Price: $18.72
After a massive surge to $21.06, $EGLD is showing exhaustion with consistent red candles and fading momentum on the 1H chart.
Short Trade Setup:
Entry Zone: $18.70 – $19.10
🎯 TP1: $17.80
🎯 TP2: $16.80
🎯 TP3: $15.90
🛑 Stop-Loss: Above $19.50
Market Insight:
The rapid pump followed by rejection and steady decline indicates a likely retracement—volume fading and no bullish continuation signs yet.
Pro Tip:
Look for increased sell volume near $18.90 to confirm bearish strength before scaling in. Always manage risk tightly post-pump!
Ride the reversal—don’t get trapped after the hype fades!
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