Signal Alert: $EIGEN /USDT

$EIGEN /USDT has been experiencing a downward trend on the 4-hour chart, with the price currently at $3.687. The Relative Strength Index (RSI) is currently at 36.781, indicating oversold conditions. This suggests that the coin may be due for a potential rebound or consolidation phase.

Entry:

* Long Entry: Consider a long entry at the current price of $3.687. Place a stop-loss order below the recent low of $3.596.

Targets:

* Target 1: $4.111

* Target 2: $4.388

* Target 3: $4.982 (24-hour high)

Support and Resistance:

* Support: $3.596 (recent low)

* Resistance: $4.111 (previous resistance level)

Caution:

* The market is currently volatile. Traders should exercise caution and manage their risk accordingly.

* Monitor the price action for potential breakout signals or stability.

Hashtags:

#EIGENUSDT #CryptoTrading #TechnicalAnalysis #Binance #TradingSignal