Long
EOSUSDT | 15M | Moving Averages | $245 profit in 2 1/2 hrs
My thoughts:
1. Massive correction happened today. Rally is bound to happen
2. EOS is the 2nd highest volume on Binance USDT pairs
3. 5M Moving Average trends repeat themselves. When the Yellow MA is moving under the Blue MA and Purple MA, the price will eventually break through the Blue MA, reject at the Pink MA, use Blue MA as support until another rally Breaks up through the Pink. Once this happens, The Yellow MA use the pink MA as support until another rally in which, Yellow MA jumps on the Blue MA train for another ride. This happens over and over. You just have to make sure you don't get caught in a dump so set stop losses.
4. Once I was satisfied with my profits, I set a trailing stop loss and EOS sold at $6.04. :)
I've been trading down with the sharks daily on the 5M and 1M time frames. My goal is to earn a minimum of $100 a day for 30 days, $3k total. I am at about $2k in 16 days worth of day trading. Thank you.
1. Massive correction happened today. Rally is bound to happen
2. EOS is the 2nd highest volume on Binance USDT pairs
3. 5M Moving Average trends repeat themselves. When the Yellow MA is moving under the Blue MA and Purple MA, the price will eventually break through the Blue MA, reject at the Pink MA, use Blue MA as support until another rally Breaks up through the Pink. Once this happens, The Yellow MA use the pink MA as support until another rally in which, Yellow MA jumps on the Blue MA train for another ride. This happens over and over. You just have to make sure you don't get caught in a dump so set stop losses.
4. Once I was satisfied with my profits, I set a trailing stop loss and EOS sold at $6.04. :)
I've been trading down with the sharks daily on the 5M and 1M time frames. My goal is to earn a minimum of $100 a day for 30 days, $3k total. I am at about $2k in 16 days worth of day trading. Thank you.
Note
Another 2 trades working in the 1 & 5 min time frames. I had all night without interruption so was able battle with the sharks. I'm enjoying entering positions now when the Yellow moving average catches a support wave but also using the Heikin Ashi candles to remove the noise(buying & selling) and to exit positions as done so in the chart. ThanksTrade active
Too many resistance barriers to get through. It'll take alot to break through. EOS looking bearish and staying towards the bottom portion of the channel. If you're not already in the trade, I would advise against it unless, you're trading on the battlefield on the 1 minute time frame.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.