EOS/USD 12H (Bybit) Hit support, possible bullflag in formation
EOS is creating a downwards channel, after hitting Fib. 0.786 we are probably going to retest the upper band.
In case of breakout after that, this would be a big bullflag and higher targets would be more than reachable.
This is not a scalp call so don't enter with all your balance, use low leverage and stop to avoid big loss if goes the wrong way!
Buy Entry= 3.086 - 2.920 (Mark)
Take Profit= 3.472 | 3.863 | 4.494 (Last)
Stop Loss= 2.532 (Index)
Risk/Reward= 1:1 | 1:1.83 | 1:3.17
Expected Profit= 15.62% | 28.64% | 49.65%
Possible Loss= -15.68%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
In case of breakout after that, this would be a big bullflag and higher targets would be more than reachable.
This is not a scalp call so don't enter with all your balance, use low leverage and stop to avoid big loss if goes the wrong way!
Buy Entry= 3.086 - 2.920 (Mark)
Take Profit= 3.472 | 3.863 | 4.494 (Last)
Stop Loss= 2.532 (Index)
Risk/Reward= 1:1 | 1:1.83 | 1:3.17
Expected Profit= 15.62% | 28.64% | 49.65%
Possible Loss= -15.68%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
Bounced at 3.005Note
All entries reached, price bounced on channel support and formed a double bottom, that's positive! I hope you maintained your position.Trade closed: target reached
Totally forgot to update that idea, SL was hit with -15.68% 2 days later.For new set-ups check Related ideas like that last one:
Trade closed: stop reached
I meant stopped of course
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.