Jul. 5 at 10:09 PM
$EGO
Price successfully retested prior descending resistance, now acting as support after the bullish kicker candle, confirming breakout defense by buyers.
This role reversal from resistance to support is a constructive structural shift and suggests improving sentiment.
Price has now pushed into the next key resistance zone, where bulls face a meaningful test of continuation strength.
Momentum is also improving, with MACD having crossed above the signal line, indicating early bullish expansion.
Now on breakout watch. A decisive close above resistance could trigger the next leg higher and attract additional participation.
