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Unitytrad

EOS/BTC short term directionEOS has hit out targets to jump back into the market, the cci showing a nice steady reversal but volume still dropping which isnt the best sign so we will be keeping a close eye on this trade incase it takes a turn for the worse. Expecting a small down trend on BTC means alts will most likely following suit so not expecting this to 100% take off from our entry just yet. 4hr chart showing some exhausting on this mid term uptrend and on the smaller time frames we did get a double top at .009853, we have a close eye on our trading algorithm at the moment which is signaling this uptrend coming to a stand still at the moment so this trade has become a little more risky than before, although it could just become a short term pause/consolidation as the market takes some fresh orders of distribution before making another move. As much as i would like to say give this some time to breath, EOS tends to have no chill when its set up like this and can often just shoot off earlier than expected. There for we will be laddering our buys in smaller increments with a solid exit strategy incase it takes a turn for the worst. Proper risk management is the key for a risky trade. The daily chart is showing potential harsher retracement back to around the .009 mark so thats our next re-entry point if we break down from here.
by Unity-Trading-Group