$EIGEN /USDT is currently trading at 3.172 on the 15-minute chart, showing a positive 17.53% increase.
The price has recently tested a high of 3.280, which serves as a key resistance level that needs to be broken for continued upward momentum. The RSI is at 60.35, indicating that there is still room for potential growth before reaching overbought conditions.
Key support is identified at 3.048, a level that must hold to maintain bullish sentiment. A strategic entry point would be around 3.160 to 3.175 to position within the current uptrend. Take-profit targets can be set at 3.220 (TP1), 3.260 (TP2), and 3.300 (TP3) to capture profits incrementally.
To manage risk, a stop-loss should be set just below the support at 3.020. This plan provides a balanced approach to trading, aiming for profit while ensuring risk management.
