Long
EOS Long
EOS has found some support after it's large recent drop.
It's formed a descending wedge against strong support.
Every time we've touched support we've seen strong buyback off it, recently forming a HL that failed to break the previous high.
I'm happy to enter a long predicting the breakout to the upside, as it's a low risk, good RRR trade, so if it breaks down, I lose a little, breaks up, I win a lot.
It's formed a descending wedge against strong support.
Every time we've touched support we've seen strong buyback off it, recently forming a HL that failed to break the previous high.
I'm happy to enter a long predicting the breakout to the upside, as it's a low risk, good RRR trade, so if it breaks down, I lose a little, breaks up, I win a lot.
Trade closed manually
Closed after the Bearish Engulfing closed below my support for a small loss
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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.