EOS - Back into the channel?

31 Oca 2021

Not going to lie, EOS/BTC is looking a bit bearish right now. But so does the rest of the market - unfortunately that is the nature of Bitcoin moving a lot. However although we fell below support on the ascending channel, EOS/BTC has been fighting hard to get back above what is now resistance. I think this is a risky trade I am willing to make, entering here at 8780 sats. Looking in the long run, we might be able to head towards our long-term resistance around ~1100 sats. That would make great returns! I will be stopping out around 8,600 to minimize the potential loss since this is a fairly more risky trade. Good luck folks!

1 Şub 2021

İşlem kapandı: hedefe ulaştı

Reached a target of the top resistance which made a nice 970 sats. That is a great 10% gain overnight!