We have range market conditions for EOS and our trading must be based on the rules for such markets. It means that we have to wait for trading opportunities when price reverses from the bottom level of the channel or breaks outside this channel. Based on reversal signals from the support level we'll have to buy with stop orders below this level and the local swing low. RSI will have to confirm all price reversals.
If we buy based on a breakout signal, volume will have to increase confirming the power of the market. Pending orders for the breakout signal can be placed above 2.15 with stop orders below 1.70 level. Profit targets should be at 2.50. 3.50 and 5.00 resistance levels. If the market moves outside the channel and confirms an uptrend, we'll be able to add some trading volume for our long trade above 3.50 level.
Read more trading ideas here https://www.tradingview.com/u/DLavrov/
if I understand correctly, this token is mostly untradable, kind of socialist token, price will mostly follow the channel whole year of ICO.
https://steemit.com/eos/@officialfuzzy/how-should-one-distribute-a-usd1-trillion-dollar-treasure
it is designed to suppress fluctuations while in ICO
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Thanks a lot for the insight. Really appreciate it ! Just followed you and your telegram !
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Great post, I'm looking forward to EOS on the $3.50 price. EOS is the only crypto that hasn't benefit from the bull run, investors will start looking for cryptos like that.
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Спасибо! Следил за Вами на TradingView. Теперь здесь - так даже удобнее. А еще есть русскоязычная версия стима: https://golos.io/
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Спасибо за ваше внимание к моей работе! Где вам будет удобно - там и следите )
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Just saw the message on Telegram ;-)
My favorite trader ;-)
Big hug
Steemitri The Mannequin
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Thanks )
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I follow you anywhere any day
Keep your good work
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Thanks!
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Hey mate, just saw your latest on telegram didn't know you were on steemit! Really appreciate the calls and that will be following and upvoting!
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Thanks! I try to be everywhere )
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Welcome to steemit Dmitriy!
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Thank you )
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