EOS
Short

EOS Valid Breakout - Opportunity for Short?

By Art_of_Trading
The EOS market formed a triangle and now we are seeing a potential breakout. In order this setup to be considered a valid breakout, we should see a strong bearish move. In other words, the indication that the sellers are control of the price and there is falling momentum. Currently, the price is held at trendline. The best approach here is to patiently wait how the market develops and if there will be a valid breakout then go short.
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