EOS didnt want to give us another entry on the daily and smashed through out daily supply zone, how ever on the 4hr we got a noticable pull back and managed to get a trade in as it broke through and retested on the previous supply zone.
price spiked to our target at .00100 to take profit for almost 90% on 10x from our entry.
strong rejection at this supply zone now although imo this resistance here is quite week, im not sure what more eos has to give as the daily is quite parabolic and has spat out a clear bearish divergence.
we could see a fomo push but imo technicals are pointing to a larger retrace incoming.
Il now looking on the smaller time frames for a double top rejection to confirm a possibly short entry.
price spiked to our target at .00100 to take profit for almost 90% on 10x from our entry.
strong rejection at this supply zone now although imo this resistance here is quite week, im not sure what more eos has to give as the daily is quite parabolic and has spat out a clear bearish divergence.
we could see a fomo push but imo technicals are pointing to a larger retrace incoming.
Il now looking on the smaller time frames for a double top rejection to confirm a possibly short entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.