EOS might find strong support at around $7.5. This was after we placed a simple Fibonacci extension between the upper and lower limits of the minor consolidation when prices broke below $12.
Well, now, there is some reaction and yesterday actually ended up being bullish. However, bears are in control and we should not get hyped over nothing.
If you decide to load up longs then it’s better to spread out your entries in lower time frames.
In my view, we can only be assured of longs the moment EOS prices close above $9.5. Before then, sellers can find shorting opportunities and $9.5 may present sellers with entries mainly because it is a key Fibonacci and retracement level.
How about HODLing EOS longer term? ✈
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