$EOS – Long Position Closed at a Loss!
📉 Market Overview:
A long position worth $1.05K in $EOS got closed at $0.697 as the price didn’t continue its upward movement. Bears took over, causing the position to exit.
💥 Key Takeaways:
• Long position exit = selling pressure rising
• $0.697 now turns into resistance
• Price could face downside pressure if it struggles to break this level
📈 Bearish Setup to Watch:
• Focus area: $0.695 – $0.700
• If price stays below $0.697 = more downside potential
• Key support zones: $0.685 – $0.670
💡 Pro Tip:
Exits from long positions can often signal a price pullback. If $EOS can’t reclaim $0.697, the market may push lower.
Look for potential short opportunities on weak recoveries.
