Major resistance (5200-5300) hardly rejected and the 22% dump with huge volume already broke all bullish structure on EOSBTC. Unless it can close 1 or 2 daily above 4900 to cool down the selling pressure, otherwise any bounce below 4900 is dead cat bounce for me.
- Current resistance zone: 4600-4800. Any rejection from this region is a short signal.
- Manual SL is after a daily closes above 4900. Blue is the entry / Yellow are TPs. Non or low leverage only.
- Tip: Dont set any order now, just set alarm and final check when price gets to short zone and gets rejected. If it passes thru entry zone with nice volume, cancel the short.
- Current resistance zone: 4600-4800. Any rejection from this region is a short signal.
- Manual SL is after a daily closes above 4900. Blue is the entry / Yellow are TPs. Non or low leverage only.
- Tip: Dont set any order now, just set alarm and final check when price gets to short zone and gets rejected. If it passes thru entry zone with nice volume, cancel the short.
Comment:
Touched sell zone 1st time and rejected nicely. Now we can enter short.