EOS is going down! here's why
Updated
EOS has had a very nice pump up to $22+ but its been long overdue for a healthy correction.
Looking at TA, it has broken bollinger band middle support line, has topped out with high volume, and has begun its correction.
EOS has been the most highly traded crypto in terms of volume, even beating out bitcoin on bitfinex the past few days - very many people FOMO-ing and going to start selling if it goes down
Watch out for a bull trap as it is very likely to happen with all this bullish momentum.
Ideal entry would be the top of the bull trap, and stop losses should be used in case it goes for another pump upwards.
Looking at TA, it has broken bollinger band middle support line, has topped out with high volume, and has begun its correction.
EOS has been the most highly traded crypto in terms of volume, even beating out bitcoin on bitfinex the past few days - very many people FOMO-ing and going to start selling if it goes down
Watch out for a bull trap as it is very likely to happen with all this bullish momentum.
Ideal entry would be the top of the bull trap, and stop losses should be used in case it goes for another pump upwards.
Note
Optimal entry point between $18.9 and $19.3Trade active
ideal entry at $19.3 reached, opening shortwill be adding more to position around $20 if price reaches
Trade closed: target reached
target at $10.2 hit, closing trade with a nice 50% gain.
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