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$EGLD Signal】Hold Cash and Wait for Key Resistance Test
$EGLD Weak consolidation below EMA20, price attempts to rebound but faces strong selling pressure, overall a technical rebound within a downtrend.
🎯Direction: Hold Cash (NoPosition)
Market Analysis: Price hovers around 4.524, below EMA20 (4.5457) and EMA50 (4.6646), indicating a medium-term downtrend. The 4-hour candlestick shows insufficient rebound momentum, with weak buying strength (Buy/Sell Ratio < 0.5).
Hardcore Logic: Depth imbalance (-12.82%) and buy-sell ratio (0.77) clearly show a significant sell wall (Asks) much thicker than