EOS/USDT – Potential Bounce from FIB Zone
📉 Trend Structure:
Price was in a downtrend within a falling wedge structure.
A breakout has occurred, followed by a retest of the wedge and price currently moving toward a buy zone aligned with Fibonacci retracement levels.
📊 FIB Buy Zone:
Strong support area located between the 0.618 and 0.786 Fibonacci levels.
This zone is highlighted as a potential long entry area on a pullback.
🎯 Potential Bullish Targets:
TP1: $0.9722
TP2: $1.1130
TP3: $1.2819
🛡 Stop Loss Idea: Below the lower edge of the wedge pattern (~$0.55 or lower), depending on risk tolerance.
EOS has broken out of a key falling wedge pattern, a typically bullish formation. A pullback into the FIBO buy zone could present a great opportunity for a long entry before continuation to higher levels. The structure suggests a potential wave continuation toward $1.28 and beyond.
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