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!
Trade active
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Got it! Going Down!
Comment
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Trade closed: stop reached
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We've hit our trailing stop loss and left the position with nice profit. Good job everyone!