Coindicator
Short

EOS is a High Reward Short Trade

BITFINEX:EOSUSD   EOS / Dollar
We are only an hour away from the EOS airdrop. Based on previous forks and airdrops, there is a good chance we'll see a dump shortly after the snapshot. Especially given the recently EOS pump, it further supports the thesis that many traders have bought EOS for the free airdrop coins. Daily RSI are close to overbought levels and open margin short to margin long are on the low end indicating that we are more likely to get a longs being stopped out than a short squeeze from any large moves.
Trade closed: stop reached: Close out remaining @ 8.50, not taking chances here now that BTC had it's little pump.
Well you can't get them all right. Still leaning towards a daily pullback which might happen within the next 12 - 24hrs. With that said this was meant to be a short term trade and since it didn't pan out as anticipated, I'd exited majority of the position a tiny profit. I'll let the remainder ride and see where it goes, but I certainty wouldn't want to sleep on a large position.
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