๐ Long Signal Alert: $EIGEN ๐
๐ก Current Price: $4.276 (-10.95%)
After a sharp decline, EIGEN is showing signs of stabilization near the $4.12 support level. This zone could act as a launchpad for a potential rebound, offering a favorable long setup. Letโs explore the trade plan ๐
๐ Key Levels to Watch:
๐น Support: $4.12 (Strong), $4.00 (Critical Zone)
๐น Resistance: $4.35 (Immediate), $4.50 (Key Zone), $4.60 (Target for Bulls)
๐ผ Long Signal Setup:
Entry Zone: $4.25-$4.30
Target 1: $4.40
Target 2: $4.50
Stop Loss: $4.10
๐ Why Long?
The price is consolidating after finding support at $4.12, which aligns with a key demand zone.
Momentum indicators suggest a potential reversal if the price can break above $4.35 resistance.
Increased volume in the recovery phase indicates renewed interest from buyers.
โ ๏ธ Risk Management Tips:
๐ Use a tight stop-loss below $4.10 to minimize downside risk.
๐ Secure partial profits at $4.40 and let the rest ride to $4.50 if bullish momentum continues.
๐ Watch for a breakout above $4.35 to confirm the upward trend.
๐ฌ Will EIGEN bounce back to test $4.50? Whatโs your strategy for this trade? Share below!
#CryptoSignals #EIGENUSDT #TradingOpportunities #CryptoTrading
