EPS/USDT Update: Looking for Support. Currently in free fall
If you followed the EPS charts you noticed that we stayed bullish on this coin.
Currently the situation is the following:
We don't have any support line left and are currently in free fall.
What does this mean?
It basically means we have no idea if and at what price level this coin turns around.
Will it turn around?
Most likely yes, since the use case of low slippage decentralised stablecoin swapping is necessary as long as we have and use different blockchains.
We now start staking since we don't realise at a loss and it looks like this takes some time to recover.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Currently the situation is the following:
We don't have any support line left and are currently in free fall.
What does this mean?
It basically means we have no idea if and at what price level this coin turns around.
Will it turn around?
Most likely yes, since the use case of low slippage decentralised stablecoin swapping is necessary as long as we have and use different blockchains.
We now start staking since we don't realise at a loss and it looks like this takes some time to recover.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
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