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EOSUSD

EOS-4h. Aggressive sales and critical range $2.55-2.75.The situation on the EOS market has changed dramatically. The positive dynamics of the EOS did not help the price to consolidate outside the global trend line. Buyers lost $3 . This mark was the critical point for reaching the $5 mark . Thus, the price of EOS returned to the limits of global consolidation and the black channel of growth. Now sellers are trying to break the range of $2.55-2.75 . After such a sharp drop in increased volumes, we do not expect a sharp rebound in prices. The best scenario for buyers is to continue consolidating in this range for the $3 test. From the nature of the EOS price increase, it will be clear whether to expect the rally to resume with a target of $5. Weakness of buyers in the range of $2.55-2.75 will again bring the price of EOS to the lower limit of consolidation of $2.31 . The global target is at 1.85. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
1
EOS/USD Breakout. The best risk defined setup of 2021.BITFINEX:EOSUSD 🚨Please LIKE & SHARE THE LINK if you find this usefull!!🚨 In a previous idea I was asked if I could explain my procedure to enter a trade and that I will try to do here. I had an earlier idea about this triangle formation that got deleted, but after months of waiting, I can begin to say that the breakout is here and it came just as planned. 🟠 ENTRY We're looking for a daily close above trendline and then a following retest for confirmation of resistenace turned to support to enter. anything arround $3.35 would be perfect to me, but the upside is so masive that it doesn´t really matter much. Even when trading breakouts, a risk defined setup is very important, and therefore, I will use a stop loss in the invalidation zone (where the trade is no longer valid) and a series of take profits in trouble areas (mainly zones where a reversal might ocurr). 🟠 STOP LOSS Conversly, the best place for SL is below the lowest swing arround $ 2.87 before breakout. 🟠 TAKE PROFIT Take profits are split into three: 1. Surround the previous swing high (daily close). $ 8.47 2. Arround the BITFINEX:EOSUSD all time high highest daily close. $ 17.64 1. At the top of the channel of current daily bar. (Assuming cyclical repetition) 🟠POSITION SIZE Position size depends a lot on the trader, but in my case I assign a risk percentage of my portfolio to every trade, meaning that if my portfolio is $100, and my risk tolerance is 5%, I will allocate $5 of risk to the trade. THIS IS NOT POSITION SIZE. Position Size is calculated by dividing the risk ammount ($ 5) by the distance in percentage to the stop loss from the entry. Let's say I buy at $ 3.35 and my risk ammount is $ 5 and my stop loss is $ 2.87, that is, -14.4% below. BITFINEX:EOSUSD POSITION SIZE = (RISK AMMOUNT) / (DISTANCE TO STOP LOSS) POSITION SIZE = ($ 5) / (0.144) = $ 34.7 I´ll keep you updated on this trade. ** This is not financial advice, trade at your own risk **
BITFINEX:EOSUSDLong
by JRuiz000
32
EOSUSD Sell IdeaMy idea on EOSUSD , I strongly believe that EOS will go downward on a short term trend. Disclaimer -Disclaimer -Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
KRAKEN:EOSUSDShort
by taufik8888
8