EOS Still Has a Long Way To Recover [Great Upside Potential!]
Compared to all the other major caps, EOS has recovered the least. Whereas BTC has almost completely recovered and even reached highs of pre-corona levels EOS still is really low and has more than 90% upside potential.
Obviously you wouldn't want to go in for a single 90% trade here with huge risk. No, we take the mature approach and try get a few good risk reward positions in and take only the profit we can get based on solid TA all the while we trade positions we can afford to lose.
Since EOS is trading in an ascending parallel channel here, we can trade it with a bullish bias. The price is in a linear uptrend, but has just seen a retracement from the middle of the channel. This means we will have a possibility for a very safe and low entry, maximizing our risk reward.
I am suggesting a long position here on EOS. Good luck!
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories:
![Support and Resistance Trade Set-Up on MTL/BTC [Quick Updates]](https://s3.tradingview.com/k/khiu3QWM_mid.png)
Obviously you wouldn't want to go in for a single 90% trade here with huge risk. No, we take the mature approach and try get a few good risk reward positions in and take only the profit we can get based on solid TA all the while we trade positions we can afford to lose.
Since EOS is trading in an ascending parallel channel here, we can trade it with a bullish bias. The price is in a linear uptrend, but has just seen a retracement from the middle of the channel. This means we will have a possibility for a very safe and low entry, maximizing our risk reward.
I am suggesting a long position here on EOS. Good luck!
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories:
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