TolerableTrader

EOS - USD USDT - What does EOS stand for anyways?

BINANCE:EOSUSDT   EOS / TetherUS
Having proven I know little about crypto projects value investing I just trade price action on charts. I can't tell you the amount of $BTC that I've lost chasing clout pushed coins cause "it's gonna 10x bro or got long time bag hold on this one". As a result....I haven't the foggiest, (nor do I care) what this coin does or purports to do and if you're on tradingview, I'm betting you don't either.

As with many coins I'm seeing this one range bound, low volatility. That's all good (especially around holiday season) for me. This week/month review is also the yearly one which leads into what is the goal(s) for next year?

I can see here and there some setups I like and would trade given the opportunity. EOS, show's a chance for a Swing Failure Pattern. Two ways to play, blind (which I rarely will trade) or at candle close after SFP (much preferred).

See the X on the chart. How would you play price visiting that area again, would it make a difference if price meandered, or went sharply there? Where'd you put your stop if you placed an order near there?

Happy new year.


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