Long
Updated

EOS LONG

639
The weekly chart of EOSUSD shows a prolonged downtrend with potential signs of a reversal forming near the recent lows. A significant "CSD" (Change of Structure) pattern has emerged, and a "turtle soup" liquidity sweep has cleared out weak hands, possibly setting up for a recovery rally.

Trade Plan:
- Entry: Current price level (~0.5611 USD) or on retests near the liquidity sweep area if EOSUSD holds above.

- Targets:
- Target 1: 1.00 USD – aligns with prior structure and offers a conservative target.
- Target 2: 1.40 USD – significant resistance area with potential to attract buyside liquidity.
- Stop Loss: Below the "soup" low, around 0.40 USD, to manage risk.

This trade aims to capitalize on a potential shift from bearish to bullish momentum in EOSUSD.
Trade active
First Target has been hit.

Now re-accumulation and upside to the next targets.

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