EOS is weak and oscillating, beware of further decline

Market analysis:

EOS continues to weaken, showing a clear downward trend on the 4-hour chart, and the price is hovering in a low range. The bulls are not strong enough, and the rebound momentum is weak. In the short term, we need to pay attention to whether the support below can be effectively maintained.

Support and resistance levels:

• Support level: 1.01, 0.98, 0.95

• Resistance level: 1.04, 1.07, 1.10

Short-term trading strategy:

Long strategy:

• Opening point: 1.01

• Adding position: 0.98

• Stop loss point: 0.95

• Take profit target: 1.04, 1.06, 1.08

Short strategy:

• Opening point: 1.04

• Adding position: 1.06

• Stop loss point: 1.10

• Profit target: 1.01, 0.99, 0.97

$EOS

My prediction:

EOS is short-term bearish. If it falls below 1.01, it may further test the support of 0.98 below. It is recommended to buy light positions on dips, control risks, and wait for rebound opportunities.

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