If you open a buy trade based on the breakout, now you need to think about the exit strategy. Profit targets should be placed based on resistance levels. But how to fix profit, you will have to decide by yourself.
is and moves upward.
lines and histogram support the upward movement.
If it is not a manipulated breakout, the market has everything for reaching 4.50 resistance.
But what if you missed the breakout and have no trades now?
The smart way will be to wait for a retracement and buy based on confirmed reversal signals. Stop orders for such trades must be placed below 3.00 support. The profit targets also can be at the resistance zones.
P.S. Don't forget that for the solid uptrend in EOSUSD , we still need the fundamental support from Bitcoin .