Technical analysis by Silverbacked_Gorilla about Symbol EOS: Sell recommendation (4/6/2025)

EOSUSDT has done quite well vs other far more accepted or adopted coins (see ETHUSDT price), but that is from an opinion or fundamental speculative side. I think se are more likely than not to see a 50% retrace from it's rise in price that began on the 11th of March. I have a hypothesis that we have not seen the true lows and as people are getting long, we are generally seeing the next leg down and ether causing longs to have to cove or be liquidated on many tokens. Of course we could pause right here and continue up in price. But this is my bias, and that is to do the opposite and we will see who has to cover first. haha. As usual I will be ready with staggered extra shorts to average up my entry if we suddenly rise in price instead and look for an exit if wrong. Enjoy!