EOS rally looks weak
Looking at the intra-day chart for EOSUSD, the price action on the retracement is starting to look weak.
Could this be the bear continuation about to start? Price is slowly grinding along with no real volume or momentum.
I'll be watching for a break of the trend line for a quick trade trade to the downside using STOP-LIMIT order. This way, price can keep pushing higher and I can adjust my entry price.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Could this be the bear continuation about to start? Price is slowly grinding along with no real volume or momentum.
I'll be watching for a break of the trend line for a quick trade trade to the downside using STOP-LIMIT order. This way, price can keep pushing higher and I can adjust my entry price.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Price eventually reached projected target. The grinding candlesticks is a great way to spot weakness in trend.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.