EOSUSD: Example of Long Trade

The price bounced from 2.615$ support. It gave us a bullish setup. RSI confirmed the price reversal. MACD supports a possible upward movement.

Here is an example of a long trade.
Stop orders for long positions must be placed below SMA200. The profit target should be at the resistance. Risk per trade must be no more than 5% of the capital.

In order to get a better entry point, we can wait for a possible pullback toward the support zone.

Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.