Trading Strategy for EOSUSDT (4H Chart Analysis)
$EOS
1. Market Analysis
Trend: EOSUSDT is in a strong uptrend, breaking above key moving averages.
Indicators:
- EMA (5, 10, 30, 60): Bullish crossover confirms momentum.
- Ichimoku Cloud: Future cloud is bullish, suggesting continued upward movement.
- RSI (14): At 83.83, indicating overbought conditions (potential retracement).
- Stochastic RSI: Above 90, confirming overbought levels but still bullish.
- Bollinger Bands: Price is at the upper band, which signals either trend continuation or a pullback.
2. Trading Plan - Long Position
🔹 Entry Zone:
Entry Price: $0.75 - $0.76 (After minor pullback, retesting support)
🔹 Stop-Loss (SL):
$0.71 (Below the 30 EMA and key support level)
🔹 Take-Profit (TP) Targets:
TP1: $0.82 (Previous resistance level)
TP2: $0.86 (Next key supply zone)
TP3: $0.90 (Major psychological resistance)
3. Risk Management
Risk/Reward Ratio: ~1:3 (Good risk-to-reward balance)
Position Sizing: Adjust based on risk tolerance (max 1-2% account risk).
4. Alternative Short Strategy (If Breakdown Occurs)
Entry: Short at $0.79 - $0.80 if price shows strong rejection.
Stop-Loss: $0.82 (Above resistance).
Take-Profit:
TP1: $0.74
TP2: $0.70
5. Final Notes
Bullish Continuation Expected: But RSI & Stochastic RSI indicate possible short-term correction.
Monitor Volume: High volume breakouts confirm strength.
Trailing Stop: Consider moving stop-loss higher as price moves toward TP2 & TP
