EOS pottentially bottoming in the 50-60k area
I had caught a beautiful short in the small red rectangle which I had recently closed anticipating a bounce -- should it occur, I might open another short as a scalp because the bottom is not very far though the downtrend is very steep.
The demand zone is depicted as a green rectangle whereas the absolute buy zone is the purple rectangle. I am not calling for a full on reversal of the bearish trend but it should provide a solid bounce for a swing or a scalp.
The demand zone is depicted as a green rectangle whereas the absolute buy zone is the purple rectangle. I am not calling for a full on reversal of the bearish trend but it should provide a solid bounce for a swing or a scalp.
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