EOS/M20 & EOS/BTC Finding support on weekly Support 1?
EOS is at S1 now and seems to be finding support. If it bounces from here, look for a test of the bottom of the cloud and then the pivot.
Supported by a slight bullish divergence on the RSI and signs that it's oversold.
The benefit of trading it through an M20 BitMEX derivative Contract is that you can use leverage and increase your risk/reward quite a bit, with the stop loss just under the S1 the risk is low.
If you don't feel comfortable with leverage, you could also do a spot trade on the normal EOS/BTC pair as the charts are the same.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
Supported by a slight bullish divergence on the RSI and signs that it's oversold.
The benefit of trading it through an M20 BitMEX derivative Contract is that you can use leverage and increase your risk/reward quite a bit, with the stop loss just under the S1 the risk is low.
If you don't feel comfortable with leverage, you could also do a spot trade on the normal EOS/BTC pair as the charts are the same.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
Suggestion for those who followed the idea: Take profit 1 hit (take a certain percentage of the volume in profit ), move the stop loss to break even.
If you like my ideas and the work I do, please check out the links in the signature ;).