Hi traders, this is an update from my EOS trade.
EOS.
With the launch of the platform fast approaching (June 2018), EOS is going on a tear. I opened my EOS trade from the low $5.5 and I am currently over 300% in profit so the question now is when to take profit.
I drew a chart with the zones most likely to act as resistance if this bullish moves sustains itself:
We can see that EOS has yet to break its USD all-time-high (ATH) price. If it does then I plan to take another 25% of this trade off of the table at around $27 USD and another 25% at $40 (if we ever get there) for a x10 trade;
I'll leave the remaining 50% as a runner in order to swap the ERC-20 tokens for "real" EOS tokens and play any FOMO move which could play out after the real EOS tokens get listed on an exchange;
If you don't hold any EOS, a 1,2,3 breakout play of the ATH might constitute a great entry for your trade albeit with a lower risk to reward:
- If EOS does pull a x10, that could signal the beginning of an altcoin season "spring 2017 style" which started off when DASH did a similar move from $10 to $100 in about a month.
Exciting times ahead.
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