EOS is a High Reward Short Trade
Updated
We are only an hour away from the EOS airdrop. Based on previous forks and airdrops, there is a good chance we'll see a dump shortly after the snapshot. Especially given the recently EOS pump, it further supports the thesis that many traders have bought EOS for the free airdrop coins. Daily RSI are close to overbought levels and open margin short to margin long are on the low end indicating that we are more likely to get a longs being stopped out than a short squeeze from any large moves.
Trade closed: stop reached
Close out remaining @ 8.50, not taking chances here now that BTC had it's little pump.
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