$EGLD Trading Opportunity Alert!
Technical Setup: $EGLD is breaking out of an ascending triangle on the 4H chart, confirming bullish momentum. Current price near $14.20, with a 24H volume surge (+90% to $150M). RSI at 58 signals bullish strength without overbought conditions, and MACD shows a bullish crossover.
Entry Zone: $13.80–$14.30 for a strong risk-reward setup.
Stop Loss: $12.90 to manage volatility.
Targets:
TP1: $16.50 (+16%)
TP2: $19.00 (+33%)
TP3: $25.00 (+75%)
Why $EGLD ?
Posts on X highlight MultiversX’s ecosystem growth, with xPortal, DeFi, and RWAs driving adoption. Fixed 31M supply and 7%+ staking yield add value. Recent TVL growth (>3x since June) and major upgrades fuel upside potential.
Strategy: Enter on a pullback to $14.00 with volume confirmation. Lock in profits at TP1, trail stops for TP2/TP3 if momentum persists. Crypto markets are volatile—use strict risk management.
Traders, stay sharp! DYOR and capitalize on this breakout!
