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$EGL1 – Weak Structure Remains


The recent correction is still unfolding. Selling volume continues rising while bullish momentum fades. Until stronger demand returns, bears remain in charge.


EGL1 continues trading below important resistance levels.


Trade Setup (Short)


EP: 0.0114 – 0.0118

TP1: 0.0109

TP2: 0.0103

TP3: 0.0097

SL: 0.0121

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