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Saad_Khani
Oct 8, 2021 1:54 AM

Egldusdt analysis Long

EGLD / TetherUSBinance

Description

On 4hr time frame egldusdt pair breakout from the big triangle the breakout is also hanpped on daily time frame.

Now the technical target of egldusdt pair is 380 dollar the 2nd co formation about the target is fib extension also at 380 usd 3rd confirmation is bul flag framed on 4hr time frame thats target also is 380 usdt.

There we have 3 confirmation about the target
1-Triangle breakout target 380
2-bullflag breakout target 380
3-fib target 380

Now the question is when to enter i to trade

Enter on retest ( 254, 258 )

First target: 272 dollar (25% profit booking)
2nd target: 384 dollar (25% profit booking)
3rd target: 310 dollar (25% profit booking)
4th target: 380 dollar (25% profit booking)

Stoploss: 220 dollar level

Tarde with low leverage or buy on spot only 🤩
Comments
skfmsmsvldrn
2nd target 384?
Saad_Khani
@skfmsmsvldrn yeah if it breaks the local high at 310 ... book your profit along the way like 25% selling on the mentioned targets in description
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