Eosusdt trading opprotunity

24 Jul 2023

EOSUSDT has breakdown a descending triangle structure, indicating a potential bearish continuation. Price has recently made a pullback in the form of a bearish flag, offering an attractive entry point. The target for the descending structure is indicated on the chart, and there's also an immediate area of interest to watch for potential price action.

I will be looking to short EOSUSDT, expecting further downside movement. The perfect entry will be Near current levels or on a breakdown below the bearish flag's lower trendline.

The stop loss zone will be Set just above the recent swing high or the upper boundary of the bearish flag.

Profit target should be aiming at the projected target of the descending triangle as shown on the chart. But, We should Watch the immediate area of interest for potential price action; a significant bounce could alter the short bias.

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