NeoButane

Shorting EOS for high beta market wide pullback

Short
NeoButane Updated   
BINANCE:EOSUSDT.P   EOS / TetherUS PERPETUAL CONTRACT
EOS makes big sweeping moves on well defined S/R levels. I believe, whether or not the coming week is bullish, there will be a sweep down to clean out the over-leveraged and paper fisted.

Stop above the recent high, looking to close in green highlighted area

Trade closed manually:
That played out very quickly. Reducing size but keeping a portion in case it dumpsters. Rotating into scaling longs elsewhere


My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.