$EOS - A LONG SETUP AND PRICE ANALYSIS š„āļø
Hereās my breakdown!
I'm seeing clear bullish signals here - EOS made a strong Break of Structure (BOS) around the 23.245M volume level, pushing through resistance with conviction ā The price action shows a consistent bullish trend after that with minor pullbacks acting as consolidation phases Every time we see a Change of Character it quickly gets invalidated by stronger buy-side momentum pushing the price back up
The Equal Low (EQL) around the 20.725M mark highlights a liquidity grab that signaled the reversal. The bulls took control after sweeping those lows. Now, the current price action at $0.5144 shows that EOS has broken above a key resistance level, and with the current momentum, itās looking ripe for another leg up. Volume is tapering off a bit, but Iām seeing more upside coming as long as the $0.5100 level hold
Iām going long here. I expect EOS to test the $0.5200 mark in the short term, with potential for even higher if volume starts to build up again. Keep an eye on the volumeāitāll give the signal for the next big move.
š¹ Leverage - 5-10x
š¹ Entry - $0.514 - $0.495
š¹ Targets - $0.530, $0.542, $0.554, $0.566, $0.590, $0.615, $0.640
š¹ Stop-loss $0.480
EOS showing bullish signals, volumeās creeping up too. Could hit those targets quick, but Iām staying flexible - Watch the charts! š
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