cryptotraderog

EOS Technical Analysis 2021/03/05

BINANCE:EOSUSDT   EOS / TetherUS
EOS has been on a prolonged downtrend and is now again near the lows.

Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $3.2, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming

DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!

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