Eidoo Going Bullish (Another Fake Breakdown)

2 may 2020

This is how I see Eidoo (EDOBTC) easily printing over 150% in growth.

First, EMA100 needs to be conquered.

The last low is a "fake breakdown". Meaning, prices only broke below support to hunt for stop-loss and remove weak hands.

We know this since we can see many altcoins breakdown just to quickly move back up with massive force and strength...

Daily, the charts can always change.

What seems bullish today, can change after a few candles close, that is why it is very important to build a plan/strategy before you decide to trade.

Yes, the chart is bullish, but what would you do if you buy-in and the price goes the other way?

Would you sell?
Will you hold?

By answering those questions, you will know what to do regardless of how the market moves.

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This information is shared for learning and/or entertainment purposes only. This is not financial advice.
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Thanks a lot for your support.

Namaste.