IagoLemos
Short

EOS Breaking down support, good oportunity to short

BITFINEX:EOSUSD   EOS / Dollar
Basically, EOS is breaking down a support right now. Targets are on the chart, and so is stop-loss. Still think the market will go sideways for a bit before dropping.
Trade closed manually: Thought about this onea little longer: after analysis, I think that price will range between support and resistance for a now, so price can very well retest the resistance in red as bitcoin goes sideways. I'll be setting my entry point lower, about 1.5 ATR's (4hr chart) lower then the one I set in the daily chart. For now, I expect prices to either:
1) Retrace to the resistance highlighted in reg;
2) Really break the support, triggering a market short entry at 4.70
Trade active: Target #1 reached, halved my position (taking profits).

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