Looking at possible failure for EOS to exit long term channelInvalidation occurs at another test of the recent highs.
Targeting upper 4.5s, then 4.2s, then looking for a reaction upon upper channel test if it occurs.
R of this trade: 0.5:1
3D chart showing the formation of the horizontal channel.
Picture in case the idea is scaled oddly in the published chart.
Futures premium from FTX, on a Bybit chart. They're all priced about the same anyway, and the main chart series does not affect the futures premium formula.
