#EGLD Deep Value Zone with High Convexity SetupChart 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.
