29th May EOS Long Position R:R 5.89

tccg(25)
Published in
#eos
Words
67
Reading
1 min
Listen
Play
8y

29th May EOS Long

Reason to Enter the trade:


Target Sell at the 0.382 ($11.0686)
& 0.5 ($11.1825)
Stop Loss: $10.6995
R:R 5.89

Buys:


Laddered Buys along the Retracements levels
0.382/0.5/0.618/0.65/0.786

Assumption:


Double Bottom
Long wicks top signalling bulls losing strength.
However, high volume of sell could indicate
a potential short-term reversal of the price.
Assume Dead Cat Bounce at 0.382 & 0.5 Levels of full wave

29th May EOS Long Position R:R 5.89 | Ecency