angela_altair

EOSUSDT hitting weekly resistance zone

BINANCE:EOSUSDT   EOS / TetherUS
The price is currently trading between weekly support and weekly resistance zones. A couple of days ago price hit the support and bounced till the weekly resistance from where it is currently facing push back. Currently it not favorable for a long from this spot. Although a short looks favorable from chart perspective, but the upward momentum of overall market does not make even a short favorable. Therefore, a good trade would be to wait for the price to hit the weekly support again and take a long from there.

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