EOSUSD: The Pullback Gives New Buy Opportunities
The price bounced from the resistance and moved downward. We talked about such market movement, and now it is the right time to think about buying.
The exact entry points should be based on your exact trading plan.
I'm going to combine two types of trading in this market - long term trading and swing trading.
The price reached the support zone formed by 4.50 and the local uptrend line. For long term trading, it is possible to invest the part of the capital in this zone. If the price breaks the uptrend line, it will be another bearish signal with the target at 3.70 support. The price reversal from this zone will be used to add more trade volume to the long term positions and to open new buy trades for swing trading.
If the price moves lower, the support zone at the weekly uptrend line and 3.00 round number will be perfect for buying for any type of trading. But I'm not sure that the market will be able to move down so much. Of course, only if Bitcoin decides to move back to 8000.00 support or something like this.
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.
The exact entry points should be based on your exact trading plan.
I'm going to combine two types of trading in this market - long term trading and swing trading.
The price reached the support zone formed by 4.50 and the local uptrend line. For long term trading, it is possible to invest the part of the capital in this zone. If the price breaks the uptrend line, it will be another bearish signal with the target at 3.70 support. The price reversal from this zone will be used to add more trade volume to the long term positions and to open new buy trades for swing trading.
If the price moves lower, the support zone at the weekly uptrend line and 3.00 round number will be perfect for buying for any type of trading. But I'm not sure that the market will be able to move down so much. Of course, only if Bitcoin decides to move back to 8000.00 support or something like this.
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.
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