$EGLD ‌ 1H 📈



EGLD is looking pretty clean here. The trend has shifted strongly bullish, with prices holding above the rising Supertrend and consistently printing higher highs.

Entry: $4.55–$4.62
SL: $4.38
TP1: $4.85
TP2: $5.10
TP3: $5.45

Why I like the setup:
• $4.20–$4.30 flipped into a strong support zone
• Higher highs + higher lows are intact
• Supertrend remains bullish at $4.32
• $4.835 is the key breakout level

I wouldn't chase EGLD at $4.70 after this move. Let it pull back, confirm support, then look for the entry.

A clean 1H breakout and retest above $4.835 would add another layer of confirmation.

Invalidation: 1H close below $4.38.

Nice structure overall. Now it's about entry discipline, not FOMO.

#Gate60MillionUsers #USIranTensionsOilSurges5.7% $NVDA
EGLD17.75%
NVDA3.23%
post-image
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.
49 views
  • Reward
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
GasStationAttendant
· an hour ago
Not FOMOing is the right move; everyone who chased highs in this market has learned their lesson.
View OriginalReply0
MultiSigNurse
· an hour ago
EGLD has caught up with the broader market in this move, and the MultiversX ecosystem has been showing some activity recently.
View OriginalReply0
AirdropBug
· an hour ago
The Supertrend level at 4.32 exactly coincides with the previous high-volume trading zone, providing double support.
View OriginalReply0
NFTCollector
· an hour ago
Clearly stating invalidation is a good thing; trading plans must include stop-losses.
View OriginalReply0
LayerZeroMessenger
· an hour ago
Wait for the 1H close to confirm before making a move; there are too many false breakouts.
View OriginalReply0
BitcoinArk
· an hour ago
The overall structure is indeed clean, but don’t forget position management.
View OriginalReply0
DefiAstrologer
· an hour ago
Waiting for breakout-retest confirmation on the 1H timeframe is much safer than blindly rushing in.
View OriginalReply0
RiskBudgetCPA
· an hour ago
TP3 at 5.45 seems a bit optimistic, but the structure is indeed beautiful.
View OriginalReply0
  • Pinned