EOSUSD: Watch for Price Action at Support
Diupdate
The price broke the upper line of the triangle and gave us a false bullish signal. After that, we could see a downward movement toward the local support zone. What's next?
We should watch for the price action at 2.45$ and 2.40$ support. Any reversal signal, supported by reversal candlestick patterns and bullish signals from MACD and RSI, can be used for buying.
Stop orders for long positions must be placed below the local swing low.
The main profit target for swing trades should be 2.615$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We should watch for the price action at 2.45$ and 2.40$ support. Any reversal signal, supported by reversal candlestick patterns and bullish signals from MACD and RSI, can be used for buying.
Stop orders for long positions must be placed below the local swing low.
The main profit target for swing trades should be 2.615$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Catatan
Did you catch the movement using the price reversal from the support? Share with you a long trade which you had to open!
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