When it comes to EOS, most people are familiar with it. The founder, BM, not only created STEEM but also BTS. He is often compared to Ethereum’s Vitalik Buterin and Bitcoin’s Satoshi Nakamoto. These two successful cryptocurrency projects have laid the strongest foundation for EOS. Additionally, Li Xiaolai, a well-known figure in China's crypto space, has publicly supported Bitcoin, which further adds credibility to the ecosystem. As a result, many major media outlets are jumping on the bandwagon, promoting the narrative without much critical thought.
Nowadays, all major platforms support EOS token mapping, but this isn’t necessarily good news. It doesn’t mean you should buy right away. However, if you receive a trading opportunity, and there’s a news event that triggers a move, it could accelerate the price action. But again, this doesn’t guarantee success.
So, can you really hold EOS based on these messages? My answer is no. I’ve always emphasized looking at the K-line chart of EOS to determine whether it's a buying or selling opportunity. Even if BM or Li Xiaolai are big names, they are just a part of the larger market forces. The K-line itself reflects the combined actions of buyers and sellers. There are countless players involved, each with their own motives. The total force can either be positive, negative, or neutral. In the end, the market moves in three basic ways: up, down, or sideways. Therefore, the trend tells the whole story. If the news doesn't translate into real price movement, then it’s essentially meaningless.
Can news truly be used as a basis for trading? The answer is no. In the stock market, people often rely on rumors—like hearing that a relative’s brother works at a company, and assuming it’s a sure bet. In China, millions of retail investors have done this before, only to suffer losses. Most never actually get the inside information. This is due to information asymmetry. While some internal news exists, it’s rarely shared with the general public. Sometimes, good news becomes a cover for large-scale sell-offs, while bad news is used to attract attention. Therefore, instead of chasing every piece of news, focus on the K-line itself. That’s the most authentic and reliable signal in the market.
In EOS trading, consider buying during the first and second yellow zones. These are key areas where traders often enter the market. After a daily divergence, a third yellow zone may appear. Don’t get distracted by all the news surrounding EOS—just watch the final outcome of the news, which is reflected in the price action. By doing so, you can secure consistent profits.
Currently, EOS is showing both an upward and downward daily trend. The structure is mostly in place, but it’s still not complete. The structure is like the emperor, while the indicator is the queen—both need to work together. To buy EOS, two conditions must be met: First, the volume must surge significantly, much higher than previous levels. Second, the MACD must remain in a golden cross. Even after buying, you can use the death cross as a stop-loss level. In order to trigger a major weekly bull run, these two conditions must be satisfied. Otherwise, the price might continue to consolidate or just be in the second stage of a weekly range. If everything lines up, the breakout will eventually happen. We just need to wait and see how the market unfolds.
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