EOS - Triangle Break Out Short
Updated
Hello Everyone,
I have decided to start writing down the trades i make. To learn for myself and for other people to see.
PLEASE DON'T TAKE MY ANALYSIS AS FINANCIAL ADVISE.
I have shorted the EOS around 1.88, the reason for this is that I forgot to put sell orders below the triangle breakout, however after i saw break out on my mobile i decided to enter the market.
Because i believe EOS will lose 30% of its value in the near future. My first target is 1.70 and my second target is near 1.30.
I am going to put tight stop-loss because around 1.93 if the market bounces up i wont lose too much money, however there is a low probability for this scenario. I will put half of the position trade stop loss at 1.9150 to make my position smaller if the market goes up, however there is a risk if the market pumps and than goes down than you will have smaller position for profits.
Lets see what happens guys
If you would like to comment and advise feel free to do that, i will be glad to see other points of view.
:)
I have decided to start writing down the trades i make. To learn for myself and for other people to see.
PLEASE DON'T TAKE MY ANALYSIS AS FINANCIAL ADVISE.
I have shorted the EOS around 1.88, the reason for this is that I forgot to put sell orders below the triangle breakout, however after i saw break out on my mobile i decided to enter the market.
Because i believe EOS will lose 30% of its value in the near future. My first target is 1.70 and my second target is near 1.30.
I am going to put tight stop-loss because around 1.93 if the market bounces up i wont lose too much money, however there is a low probability for this scenario. I will put half of the position trade stop loss at 1.9150 to make my position smaller if the market goes up, however there is a risk if the market pumps and than goes down than you will have smaller position for profits.
Lets see what happens guys
If you would like to comment and advise feel free to do that, i will be glad to see other points of view.
:)
Trade active
Looks bearishNote
ive decided to move stop loss to 1.98 to prepare for the retrace :)Note
My stop loss for 30% position was taken out last night. I re-opened the position and moved the stop loss if of 30% to 1.92. At swing high on 1H chart lets see what happens.
Its a waiting game.
Note
Moved my stop loss to 1.92 on the 4H swing highTrade closed: stop reached
Unfortunately the stop was hit on this trade because of the small EOS pump. The stop should have been a bit higher. Other coin however performed much better in shorting. EOS been very strong coin this days.
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