CryptoPlough

EGLD TA - Possible bullish scenario 4h

Long
BINANCE:EGLDUSDT   EGLD / TetherUS
I reentered a position here. There are many reasons for it:

1. bounce from the 0.618 fib level 2nd time
2. forming a double bottom
3. bounce from the "buy" zone
4. Forming a possible W pattern.

This is still a risky one. Let's see if this will play out.

Position informations:
* Entry Price $393.14
* SL $375
* TP1: $479
* TP2: $539

Disclaimer: DYOR. No financial advice. Just for your impression.
Trade active: Position still active due too extention of the SL range.
NEW SL @ $361.8. If this SL close my position, I will wait for another entry point at the $344 level. Last try for EGLD for a shortterm trade ;)
Trade closed: stop reached: SL reached. Looking for another entry and waiting for a clearly chartpicture.