🔥 $EIGEN Liquidation Surge: Bulls Take the Lead! 🔥
A huge $20.01K in shorts was liquidated at $4.48389, signaling a major shift in momentum for $EIGEN! The bears are being forced out, and bulls could be ready for a big push. So, what’s next for $EIGEN? Let’s break it down.
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$EIGEN Trading Plan: Your Next Move
🔥 Buy Zone:
$4.45 - $4.50: This is the zone to watch for a potential bounce. Wait for confirmation of support and a price consolidation before entering.
🎯 Target Levels:
Target 1: $4.60 – This could be the first resistance level as bulls push higher.
Target 2: $4.80 – If momentum holds, $EIGEN might test this next target.
Target 3: $5.00 – A strong bullish run could push EIGEN towards the $5 mark.
🛑 Stop Loss:
Set your stop at $4.40 to manage risk. If the price falls below this level, the bullish trend may be weakening.
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What’s Fueling This Surge?
Short liquidations like this often spark upward momentum, as shorts are forced to buy back their positions. If the price continues to rise, this could signal the start of a solid bullish trend. Watch for volume increases as confirmation.
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Pro Tip
Stick to your plan and don’t chase the pump. Enter when the price hits your buy zone, or wait for a breakout above resistance with strong volume. Always manage your risk with a stop loss.
Will EIGEN break through the $5 level and keep going higher? The bulls are in control—get ready for the ride! 🚀
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