EOS: The Bullish Trend and When to Buy

The price has been moving up in the bullish trend. After a consolidation period, we can see a good upward wave. The price reversals from the support zone formed by SMAs and 3.00USD could be used for opening long positions.

If you missed that buy signals in the direction of the main trend, now we must not chase the price. We have to wait for a pullback and use reversal signals for buying. The nearest resistance zone is 4.00USD, where we can expect the price reversal with the further correction movement. The reversal signals from 3.50USD and 3.30USD will be interesting for opening long positions. It will be great if these levels will be supported by SMAs as well.



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.