9th Junes EOS Short Position & Analysis

tccg(25)
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#eos
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SETUP:


Reasons for the trade.

  1. Histogram on the 1H Ticking down
  2. At the 0.786 region of the A Wave
  3. Minor Wave it has hit the 2.618 Region
  4. A break below $14.4900. Will add more to position

Stop loss: $15.0401
Target 1: 55 EMA Around $14.1121

Few things noted that may make the
assumption incorrect,
1.Tiny hammer

  1. RSI bounced off the 60. Indicating bullishness

Without Risk there can be no possibility of Reward.

Update


Target Hit at $14.115
Closed position for a safe trade with 3% gain.

Looking to go long on EOS very soon. Correction seem to be almost complete.
Will long at the $12.35-$12.50 ranges

9th Junes EOS Short Position & Analysis | Ecency