Crypto Ninjas
GOOD EVENING STEEMIT!
If you know my trading style, you know that I wait for a higher time frame level to hold and then trade any short term pullbacks. My initial entry is a smaller position with my stop below the higher time frame level and then each subsequent retest or step up, I add into my position to keep my risk low and my reward high.
The strategy works well and even though with crypto I'm looking for longer term holds, I do like to ease myself in to just make sure I'm not getting a dudd deal early.
Yes I will eventually get to a proper blog post that outlines my strategy and if you follow me on Twitter, you'd know I plan to eventually get some sort of mentorship group with proper content, webinars and live trading but I don't want to charge for it if I can't give it my all, and I don't feel like I can at the moment so I just continue to write about my setups and trading for free here.
So yeah, onto this current EOS setup...
The market is all pulling back and EOS is actually holding up quite nicely, so even if price slips below support here, I still quite like the entry. There's definitely some sort of strength here.
Starting with the higher time frame level from the EOS support blog that I penned a few weeks back, you can see the clear daily support level at the bottom:
EOS/USD Daily
Yep, that's the higher time frame level holding and confirmation that it's longs that are in play.
So into the intraday charts we go:
EOS/USD Hourly
The latest rally really was a strong vertical move, but you can see the levels that I've marked is clear previous short term resistance that we can look for support in when price comes back to retest the level as it is now.
This is the type of levels that I look to take trade entries off. I'm in the direction of the higher time frame chart because support has held there, and now this is a pullback that I can get some good risk:reward out of.
Hit it.
Peace.
Related 
CHART ART Blogs
CHART ART BlogsIf chart setups that I've spoken about before are related out then I'll leave them here.
EOS Support and Listening to Dan Speak has Sucked me in
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
Twitter: @forexbrokr
Instagram: @forexbrokr
Website: www.forexbrokr.com
