【$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 $4.50) before evaluating a long opportunity. Currently, the risk of going against the trend and taking a "flying knife" is greater than the potential reward, so prioritize protecting the principal.
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【$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
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