strong buy

EGLDUSDT Long Position with Multiple Targets and Key Levels

The longer time frame indicates that the third test of the lower boundary of the accumulation zone occurred with a false breakout, followed by a rebound and a breakthrough of the inclined resistance. Locally, there is a test of the broken inclined line from the opposite side. This accumulation area is not yet fully realized. The presence of a liquidity pool from a cascade of levels suggests potential for upward movement. Attention should also be given to an untested mirror level; a possible trigger might be manipulation of the substructure and liquidity removal from pair levels situated at the lower boundary of the accumulation zone. Set your stop-loss according to your strategy and risk management. Target prices are: 15.78, 16.15, 18.89, 20.24, 24.17.
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AI Analysis

The analysis of EGLDUSDT on the 4-hour timeframe reveals a nuanced market structure indicating potential bullish continuation. The third test of the accumulation zone’s lower boundary with a false bre...

AI Recommendation

Investors should set their stop-loss orders in accordance with their risk tolerance and the overall market context. The initial stop loss at $14.27 should provide a buffer against invalidation of the ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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