Is EOS about to brew a major move?
Key support and resistance are gradually becoming clear!
Seize the opportunity for a rebound or breakdown!
Market Analysis
EOS has been continuously retracing recently, still in a weak pattern overall, but the current price is close to a key support area, making a technical rebound possible. Close attention should be paid to changes in trading volume to confirm the price direction.
Support and Resistance
• Support Level: $0.770, $0.750, $0.730
• Resistance Level: $0.810, $0.850, $0.890
Short-term Trading Strategy
1. Long Position Plan
• Entry: $0.770
• Add Position: $0.750
• Stop Loss: Below $0.730
• Take Profit: $0.810, $0.850, $0.890
2. Short Position Plan
• Entry: $0.810
• Add Position: $0.850
• Stop Loss: Above $0.890
• Take Profit: $0.770, $0.750, $0.730
My Prediction
The price may rebound significantly in the short term, but whether it can continue to rise later depends on breaking through key resistance levels. It is recommended to primarily take a bullish stance and respond flexibly.
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