Token : $EOS
Signal : SHORT
$EOS is showing clear signs of weakness after breaking down from its uptrend channel, signaling a bearish shift just ahead of the new weekly open. The price is currently trading below both the Value Area High (VAH) and the 50-day EMA, reinforcing downside pressure. Additionally, the MACD indicator is flashing bearish momentum, suggesting further losses may be ahead. If the broader market experiences even a minor pullback, EOS could likely revisit its Point of Control (POC) at $0.683 on the daily chart. Given the technical breakdown and market structure, a short position on EOS appears to be the more favorable setup in the near term.
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Trade Setup :
Entry : 0.73
TP : 0.68
SL : 0.75
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