$EGLD Signal】Empty position + Downward volume expansion observation



$EGLD is experiencing volume expansion on the decline, and the price action indicates significant selling pressure. Market logic suggests that the position size should be considered to determine whether it is a short squeeze or main force distribution. Currently, there is no clear sign of a price bottom or accumulation structure, so a wait-and-see approach is recommended.

🎯 Direction: Empty position

Wait for the price to show clear signs of a bottom (such as an hourly volume breakout candlestick, RSI divergence) or to regain a key support level (such as $4.50) before evaluating a long opportunity. Currently, the risk of going against the trend and taking a "flying knife" is greater than the potential reward, so prioritize protecting the principal.

Trade 👇 $EGLD

Follow me: Get more real-time analysis and insights on the crypto market!

#Gate广场创作者新春激励 #我的周末交易计划 #GateLive直播挖矿公测开启 #加密市场回调 $BTC $ETH Trading
EGLD-5,15%
BTC-5,47%
ETH-9,67%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)