⚡ Technical Opportunity on Currency $EOS | Short to Medium-Term Scalping
Today we are observing a remarkable technical pattern on the EOS/USDT currency pair after a strong drop that brought the price back to a vital demand area, with potential reversal signals forming and strong buying activity at sensitive levels.
Approved entry areas:
$0.609 (Strong support area and clear price pivot)
$0.5760 (Historical demand area and Fibonacci level)
Expected technical targets:
1- $0.640
2- $0.670
3- $0.730
4- $0.760
5- $0.880
Stop Loss: ❗️
Closing a 4-hour candle below $0.5380 temporarily invalidates the positive scenario.
Brief Technical Overview:
The price rebound from critical support levels enhances the chances of a breakout.
Increasing trading volumes indicate the beginning of price accumulation.
The targets are accurately calculated based on historical resistance areas and Fibonacci analysis.
And other strong market analysis tools.