$EIGEN Liquidation Alert: $6.4492K Wiped Out at $3.5857!

Eigen ($EIGEN) just faced a significant long liquidation of $6,449.2 at $3.5857. This signals potential market weakness, but savvy traders know this could be the perfect opportunity to plan their next move. Let’s break it all down and strategize.

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Key Levels for $EIGEN

1. Buy Zone:

First support zone: $3.50 - $3.60.

If the price slips further, a strong buy zone lies at $3.30 - $3.40.

2. Target Levels:

Short-term target: $3.80 - $3.90.

Mid-term target: $4.00 - $4.20.

3. Stop Loss:

Set a stop loss below $3.30 to safeguard against unexpected dips.

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What Could Happen Next?

Bullish Scenario: If EIGEN holds above $3.50 and shows strong buying volume, we could see a recovery toward $3.80 and even break $4.00. Watch for momentum in this zone.

Bearish Scenario: A break below $3.30 could open doors to a steeper fall, with the next support around $3.10.

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Key Factors to Watch

1. Market Trend: If Bitcoin and the broader market are bullish, EIGEN could quickly recover.

2. Volume Surge: A spike in volume near $3.50 could indicate accumulation and a potential reversal.

3. Project News: Any announcements or updates related to Eigen could trigger significant price action.

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Trading Tip: Use a disciplined approach, stick to your plan, and avoid emotional decisions. Markets are unpredictable, so proper risk management is key. This is not financial advice—just an idea to guide your strategy.

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