TradeCityPro | EOS Retraces Gains: Key Levels to Watch Now

👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the EOS coin for you. This is one of the American-based projects operating in the Web3 space, currently ranked 63 on CoinMarketCap with a market cap of $970 million.

⌛️ 4-Hour Timeframe
On the 4-hour timeframe, as you can see, the price formed a bullish move after breaking through the 0.5997 level, which continued up to the 0.8604 zone before entering a correction phase.

🔍 After being rejected from the 0.8604 top, the price experienced a significant decline and has now returned to the 0.5997 level, fully retracing all of its previous bullish waves.

📈 For a long position, you can enter on a breakout above 0.6338. If the price stabilizes above this zone, it could move upward toward the 0.8064 level.

🔽 For a short position, you can enter if 0.5997 is broken, and the next bearish leg could potentially extend to 0.5433.

📝 Final Thoughts

This analysis reflects our opinions and is not financial advice.

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