Short

EOS setting up for a short

Updated

I suspect the last bounce was off very weak support and am watching for a retest. If the recently tested support is broken to the downside there's a nice short opportunity for a short down to the next support line. It's a pretty big move down. You can also pro actively short at the top of the triangle with a fairly tight stop. I'll personally be watching for volume to remain weak or weaken at that level before entering.

Note

To be more specific, looking to short around the 8100-8300 level at the top of the current channel. If it breaks upwards without significant volume, I'll reconsider at the top of the next channel around the 10,000 sats and take profits at 7,000 support.

jaronfitz

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