Adding to short position on EOS
Updated
EOSUSD is setting up a potential rising wedge pattern.
I'm still in position from my previous trade analysis on EOS which you can view here:
This is a great example of how I add to my position and ride the overall trend. Of course, with tight stops.
Short target remains as shown.
All this is happening while BTC is also forming a rising wedge pattern = higher odds of success.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
I'm still in position from my previous trade analysis on EOS which you can view here:
This is a great example of how I add to my position and ride the overall trend. Of course, with tight stops.
Short target remains as shown.
All this is happening while BTC is also forming a rising wedge pattern = higher odds of success.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Comment
This small trade did not work out. Appears to be strength on smaller time frames. I'm still holding positions from previous trades. Protective stops near red line.
Related publications
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.