EOS longs perfect setupIm sorry, i cannot resist publishing that perfect pattern.
EOS is like silver. You need to accumulate when no one wants it and ride the wave.
Trade at your own risk!
EOSUSDLONGS trade ideas
EOS over 10$ before end of septemberYou cannot make us capitulate.
It drop? We buy more because we saw that too many times before.
If you sell on emotion, stop trading now you will lose on the long term.
When EOSUSDSHORT go up by 1 million coins, the price drop by 1$.
If they cover lets say, 5 millions coin out of 9 millions short, EOS move more than 100%.
If we check the past, that move can happen in a day.
You cannot miss this move, because i garantee the short only make money from others shorts, not from the longs :)
Trade at your own risk, even if there is no risk on that trade!
Why its dangerous to go "All In"Recent sentiment on EOS was so bullish that longs reached a pretty ridiculous level.
Easy to spot in hindsight but the max pain was to the downside.
Max pain thoery. The market will move to rekt the most amount of people it can. In options trading max pain is the $ value of the stock where options expire worthless. Markets often gravitate towards max pain on options expiry day.
So for leveraged longs they were in the max pain zone. The dump was very sharp due to longs being stopped out + liquidity crisis. This doesn't mean the overall price on EOS is bearish, just that the traders got too bullish.
With a bit of luck shorters will start opening too many shorts and max pain will be to theupside ;)
Keep watching Longs vs. Shorts on your favourite pairs to gauge sentiment. Trade opposite when sentiment extreme is found.
