EOS: When to Buy?

The price is moving sideways above SMA200. It gives us a possible buying opportunity based on a reversal signal from this line. Stop orders for long positions should be placed below 2.50$ support. The breakout above the local downtrend line and 3.00$ resistance will confirm the strength of buyers. The breakout signal also can be used for opening long positions. The main profit target should be 4.00$ resistance.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.