EOSUSDT Retest 3 lines/Trading Strategy
EOSUSDT4H trend chart
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On 3rd Oct, the downtrend line was taken out, then price retested 3 indicators.
1) Downtrend line
2) 144 and 169ema
3) Fibonacci(0.618)
So there is an effective support level around 4.404, and trading strategy as below.
But should consider the current weak market, price might keep consolidating.
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Profit Targets:
a) 5.193~5.326----Fib(1.272~1.382)
b) 6.072-----Fib(2)
Stop losses:
a) 4.191----Red horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!
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