Chart Context:
• Pair: EGLD/USDT
• Timeframe: 1D
• Exchange: Binance
• Structure: Multi-year downtrend, now testing historical demand zone.
Analysis:
EGLD has completed a full cycle from its 2021 peak (> $500) into a prolonged structural decline. Price recently swept deep liquidity at $5–$6, signaling capitulation and absorption. This zone aligns with historical demand and offers asymmetric risk/reward for tactical longs.
Key Levels:
• Entry: $7.50
• STOP: $5.99 (below capitulation wick)
• TP1: $10.30
• TP2: $12.50
• TP3: $19.79
• TP4: $35.00
Risk/Reward Profile (Entry $7.50):
• Risk: $1.51
• TP1: Reward $2.80 → 1.85R
• TP2: Reward $5.00 → 3.31R
• TP3: Reward $12.29 → 8.14R
• TP4: Reward $27.50 → 18.21R
• Blended R (25% scale-out each TP): ~7.88R
Execution Plan:
• Initial STOP: $5.99
• Scale-out:
– TP1: 10%
– TP2: 20%
– TP3: 30%
– TP4: 40%
• Trail:
– Move to break-even after TP1
– Structure-based trailing after TP2
– ATR trail after TP3
Market Maker Perspective:
• Liquidity sweep into $5 zone suggests inventory accumulation.
• Path of least resistance: fill inefficiencies toward $10–$12, then target buyside liquidity near $20+.
• Macro trend remains bearish; this is a counter-trend play, not a confirmed reversal until $15+ is reclaimed.
Risk Disclaimer:
This is not financial advice. Crypto assets are highly volatile. Manage risk strictly and size positions conservatively.
• Pair: EGLD/USDT
• Timeframe: 1D
• Exchange: Binance
• Structure: Multi-year downtrend, now testing historical demand zone.
Analysis:
EGLD has completed a full cycle from its 2021 peak (> $500) into a prolonged structural decline. Price recently swept deep liquidity at $5–$6, signaling capitulation and absorption. This zone aligns with historical demand and offers asymmetric risk/reward for tactical longs.
Key Levels:
• Entry: $7.50
• STOP: $5.99 (below capitulation wick)
• TP1: $10.30
• TP2: $12.50
• TP3: $19.79
• TP4: $35.00
Risk/Reward Profile (Entry $7.50):
• Risk: $1.51
• TP1: Reward $2.80 → 1.85R
• TP2: Reward $5.00 → 3.31R
• TP3: Reward $12.29 → 8.14R
• TP4: Reward $27.50 → 18.21R
• Blended R (25% scale-out each TP): ~7.88R
Execution Plan:
• Initial STOP: $5.99
• Scale-out:
– TP1: 10%
– TP2: 20%
– TP3: 30%
– TP4: 40%
• Trail:
– Move to break-even after TP1
– Structure-based trailing after TP2
– ATR trail after TP3
Market Maker Perspective:
• Liquidity sweep into $5 zone suggests inventory accumulation.
• Path of least resistance: fill inefficiencies toward $10–$12, then target buyside liquidity near $20+.
• Macro trend remains bearish; this is a counter-trend play, not a confirmed reversal until $15+ is reclaimed.
Risk Disclaimer:
This is not financial advice. Crypto assets are highly volatile. Manage risk strictly and size positions conservatively.
Show your piety to your god. World needs your humanity.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Show your piety to your god. World needs your humanity.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.