Analysis:
$EIGEN USDT is currently showing a strong bullish trend with a 4.77% gain in the last 24 hours. The price is currently at $3.318, which is close to the 24-hour high of $3.390. The 24-hour low was $2.892.
Trade Ideas:
Long Entry: $3.318 (current price)
Target: $3.390 (24-hour high)
Stop Loss: $2.892 (24-hour low)
Leverage: 5x
Short Entry: $3.390 (24-hour high)
Target: $2.892 (24-hour low)
Stop Loss: $3.500 (above the current price)
Leverage: 5x
Market Outlook:
The current bullish pattern suggests that the price of $EIGEN USDT may continue to rise in the short term. However, it is important to note that the market is volatile, and the price could move in either direction. Therefore, it is important to use stop-loss orders to manage risk.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.