EOSUSDT Perpetual Contract recently broke through its bearish channel with recent spikes in volumes. Upper band of channel will serve as a support for further bullish consolidation above USDT 2.50. If confirmed, we will retest 2.6 and 2.8 resistance areas.
Strategy: small LONG Position in 2.40-2.45 area.
TP every USDT0.5 of gain. Close at 2.80-2.85
Leverage: 10-25x
hello again and welcome back for another technical analysis on EOS Lower time frames.
if EOS closes below $4.48 on a 1 hour candle, I will be looking for continuation to 4.32 and if the current level of support holds my target to the upside is $4.82
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