Panjang
A Buy Opportunity E O S - Reward > Risk [Bullish Stance]
Big Boy EOS looks to be gearing up for its next run up.
I am sharing my thoughts and this should not be taken as Financial Advice, this is just my thoughts on a potential buy zone with great reward and low risk.
EOS - As you can see we broke out of a falling wedge on the 4HR time frame. This geared us up to test a key resistance level at 197000 sat zone which tested twice and formed a double top which caused a sell-off on EOS, partnered with erratic BTC behaviour we are now seeing EOS find some support around the 160000 sat zone which is a huge buy opportunity in my opinion.
Positives about this chart -
1. R:R in our favour - a no brainer trade set up in my opinion
2. 4 Hr MACD turning up
3. Fundamental Mainnet Release on the 31st
4. Support Structure combined with Trending Support at our buy zone.
Entry - 159500 - 160000 sats
I am sharing my thoughts and this should not be taken as Financial Advice, this is just my thoughts on a potential buy zone with great reward and low risk.
EOS - As you can see we broke out of a falling wedge on the 4HR time frame. This geared us up to test a key resistance level at 197000 sat zone which tested twice and formed a double top which caused a sell-off on EOS, partnered with erratic BTC behaviour we are now seeing EOS find some support around the 160000 sat zone which is a huge buy opportunity in my opinion.
Positives about this chart -
1. R:R in our favour - a no brainer trade set up in my opinion
2. 4 Hr MACD turning up
3. Fundamental Mainnet Release on the 31st
4. Support Structure combined with Trending Support at our buy zone.
Entry - 159500 - 160000 sats
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.