EOSUSDT has bounced from a strong level of weekly and monthly demand and made a new higher high from a 1D perspective, since the bullish impulse the market has now provided us with a nice correction which is currently testing the 0.618 fibonacci and potentially forming a new HL and a beautiful inverted head and shoulders formation. Im expecting a bounce from here and the market to attempt to make the continuation to the upside and go and test the weekly high and level of supply i have identified. We will be monitoring price action on the lower timeframes as always for entry confirmations according to our strategies BEFORE we can take any position.