EOS out of the major alts has always been a nice mover with great volatility. It has been basing in this 2.10-2.40 range for quite some time building up STEAM for a move.
We are starting to approach some long term resistance stretching back from december. We have failed at this level now 3 times and approaching it for the 4th time.
Every time you test a level you weaken it! Think of a trade at resistance like a pressure cooker. Every time you test a level you build up steam as it keeps knocking at that door. AT some point after multiple attempts to breakdown that door
We are starting to approach some long term resistance stretching back from december. We have failed at this level now 3 times and approaching it for the 4th time.
Every time you test a level you weaken it! Think of a trade at resistance like a pressure cooker. Every time you test a level you build up steam as it keeps knocking at that door. AT some point after multiple attempts to breakdown that door