“EOS Volatility Consolidation, Can Key Support Hold?”
Market Analysis:
EOS is currently in a low-level consolidation phase, with market sentiment relatively weak. Bulls attempt to push back but have not seen a significant breakthrough, and prices continue to fluctuate within a narrow range. In the short term, there's a tug-of-war between bulls and bears, making key support levels especially important.
Support and Resistance Levels:
• Support Levels: 1.02, 1.00, 0.92
• Resistance Levels: 1.04, 1.08, 1.16
Short-term Trading Strategy:
Long Position Strategy:
• Entry Point: 1.02
• Additional Position Point: 1.00
• Stop Loss Point: 0.91
• Take Profit Targets: 1.04, 1.08, 1.16
• Position Allocation: 50%-30%-20%
Short Position Strategy:
• Entry Point: 1.04
• Additional Position Point: 1.08
• Stop Loss Point: 1.18
• Take Profit Targets: 1.02, 1.00, 0.92
• Position Allocation: 50%-30%-20%
My Prediction:
The short-term direction for EOS still leans bearish, with the support level at 1.02 being a key defensive point. If it breaks down, it may further decline. It is advised to short at highs, maintain cautious operations, and wait for clear market signals before entering again.
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