After a strong move down, EOS (and a lot other coins) have stopped in a tight range. Volume is almost nonexistent, which means that we're approaching equilibrium point between bulls and bears, and a slight move in either side will create a massive bull or bear run.
Currently, on EOS we can observe a symmetric triangle closing in. A neutral formation, generally. But in this case in might mean a trend continuation, i.e. create another leg down.
We are waiting patiently with long and short orders ready, all we need is a good volume to hop in.
There are no price targets on this trade. Trailing stop-loss is advised.
Thanks for tuning it, likes and comments are greatly appreciated!
Currently, on EOS we can observe a symmetric triangle closing in. A neutral formation, generally. But in this case in might mean a trend continuation, i.e. create another leg down.
We are waiting patiently with long and short orders ready, all we need is a good volume to hop in.
There are no price targets on this trade. Trailing stop-loss is advised.
Thanks for tuning it, likes and comments are greatly appreciated!
Trade active:
Got it! Going Down!
Comment:
Trade closed: stop reached:
We've hit our trailing stop loss and left the position with nice profit.
Good job everyone!
We've hit our trailing stop loss and left the position with nice profit.
Good job everyone!