EGLD TA - Possible bullish scenario 4h Long

EGLD / TetherUSBinance

Description

⋅ Nov 30, 2021 2:11 PM

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

⋅ Nov 30, 2021 10:55 PM

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

⋅ Dec 2, 2021 7:01 AM

SL reached. Looking for another entry and waiting for a clearly chartpicture.

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