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EOSU18

EOSBTC & EOSU18: Breakout - Breakdown SetupsTechnical : We are currently in consolidation and has formed a bear pennant (Also looks like a Wave 4 correction). This only implies that probability of breakdown is higher than a breakout. Still it does not mean that we enter a short trade yet. We wait for either one of the confirmation levels to get taken out. If long confirmation then target will be 0.0009 If short confirmation then target will be 0.000655 If you're lazy then you can set stop orders on each of the confirmation level. Whichever gets hit is the trade we take. I shall update my stop loss levels once the trade gets activated. Godspeed _________________________________________________________________________________________________________________________ I'm not your Financial Advisor and this is not to be construed as Financial Advice but I can be your Legal Advisor if you can afford me.
by ShounakShetty
EOS Futures. July 2018Just for myself to see. If you were to go long here on Bitmex with say x10 margin. The Estimated Liquidation Price would be 0.000965 , which is lower than the low here. Its probably a safe play. So for talk sake. Playing 0.001 you could buy 100 and if it was to make this pattern and hit 0.0012 you would make 150% gains. Margin trading is very risky always understand that if the trade goes against you, you can lose your money very quickly. This is the pattern I think it could be making. thepatternsite.com My referral link to Bitmex. Dont have to use it or make this play. It is just for learning purpose. www.bitmex.com
ELong
by sykes