EOS/BTC
We are setting a momentum long order for EOS. It has tested this resistance again and every time it tests this it will get weaker. Our Order is placed so that if EOS wicks up it shouldn't wick is into the order and trade lower although this is still a possibility.
Pros for this trade:
EOS is at a very low price and we are attempting a trend reversal trade by catching it here and riding it up as long as possible.
Cons for this trade:
EOS can wick us in and get rejected by this area once again.
This is what our trade will look like.
Risk Rating: 9/10
LONG 10x
Entry: 980 sats
Stop Loss: 950 sats (-31%)
Target 1: 1009 sats (+21%)
NOTES:
We are trying to trade a reversal on EOS as it can start a major new uptrend at any given time now. We will de-risk our position when we see the opportunity to do so but we also don't want to get stopped out to soon or take profits too soon. Use a small amount of position sizing so that your risk is already lowered that way.
Line Colour Code:
Y: Entry Prices
G: Target 1
R: Stop Loss
We are setting a momentum long order for EOS. It has tested this resistance again and every time it tests this it will get weaker. Our Order is placed so that if EOS wicks up it shouldn't wick is into the order and trade lower although this is still a possibility.
Pros for this trade:
EOS is at a very low price and we are attempting a trend reversal trade by catching it here and riding it up as long as possible.
Cons for this trade:
EOS can wick us in and get rejected by this area once again.
This is what our trade will look like.
Risk Rating: 9/10
LONG 10x
Entry: 980 sats
Stop Loss: 950 sats (-31%)
Target 1: 1009 sats (+21%)
NOTES:
We are trying to trade a reversal on EOS as it can start a major new uptrend at any given time now. We will de-risk our position when we see the opportunity to do so but we also don't want to get stopped out to soon or take profits too soon. Use a small amount of position sizing so that your risk is already lowered that way.
Line Colour Code:
Y: Entry Prices
G: Target 1
R: Stop Loss