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EOSUSD

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defined setup is very important, and therefore, I will use a stop loss in the invalidation zone (where the trade is no longer valid) and a series of take profits in trouble areas (mainly zones where a reversal might ocurr).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
EOS finally Bullish ! EOS/USDT finally getting ready for some new bullish price action. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
Eos (EOS) - January 7Happy New Year!!! Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it is supported by the uptrend line (2) and can move above the 3.4248 point. You also need to see if you can get support and climb at 3.3252. We have to see if we can ascend to the important section of 3.7849-4.0849. If you go down at 3.3252, you can touch the downtrend line (3), so you need a short Stop Loss. However, if you cannot set up a short-term response, it is better not to do Stop Loss. If it falls from the 2.8250 point, a Stop Loss is required to preserve profit and loss. From the wRSI_SR indicator, the RS line is located in the overbought section. We need to see if the RS line falls below 80 to turn to a short-term downtrend. Above all, it's important to get support above the 3.3252 point. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BITFINEX:EOSUSD
by readCrypto
1