seekingprofits

EOSBTC long with a good risk:reward

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BINANCE:EOSBTC   EOS / Bitcoin
Having been on the sidelines for a while now, I see a good risk:reward opportunity for a long in EOSBTC here. I am not saying that EOS has bottomed (because in reality you can only see a bottom in hindsight), but I think if you have been on the sidelines on this downmove, it's time to dip the toes back in. I would buy the breakout at 0.00137 from the basing pattern that is forming, then put a stop loss at 0.00121 (which we will quickly trail higher to breakeven should the trade move in our favour), and look for a move to the last major point of control at 0.00161. Good risk reward ratio of around 1.5:1. I will update the idea once the trade does get triggered.

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