$EOS Technical analysis 🚨🚨🚨 .
Current Price: $0.6580
24h High: $0.6606
24h Low: $0.6219
RSI (6): 78.75 (Overbought territory)
Technical Analysis:
1. Resistance & Support Levels
Immediate Resistance: $0.6606 (24h high), then major at $0.6695 (previous high).
Immediate Support: $0.6380 zone, and strong support at $0.6194 (swing low).
2. RSI Indicator
RSI > 70 indicates overbought, meaning a potential pullback or consolidation is likely.
Momentum is strong, but watch for bearish divergence.
3. Price Action & Volume
Sharp recent bullish movement, strong bullish candles, indicating buy pressure.
Volume seems supportive, but price is nearing a previous rejection zone.
Scenarios
Long Scenario (Breakout)
Entry: Above $0.6606 (24h high breakout)
Targets:
TP1: $0.6695
TP2: $0.6750
TP3: $0.6820
Stop Loss: Below $0.6480
Only long if breakout is with volume and candle closes above resistance.
Short Scenario (Rejection)
Entry: Around $0.6580–$0.6606 if there's rejection
Targets:
TP1: $0.6450
TP2: $0.6380
TP3: $0.6250
Stop Loss: Above $0.6700
Market is short-term bullish, but nearing key resistance and RSI is overbought.
Caution: Ideal for scalping both ways depending on breakout or rejection confirmation.
Trade here 👉 $EOS