šØ $EIGEN/USDT Alert: Crucial Levels in Focus! šØ
$EIGEN /USDT is trading at 4.049, showing a strong recovery and testing key levels. The current momentum suggests a potential breakout or consolidation ahead. Traders should watch these critical levels closely.
š Key Levels to Watch:
1. Resistance 1 (Target 1): 4.100
A breakout above this level could confirm bullish momentum and drive the price higher.
2. Resistance 2 (Target 2): 4.346
Breaching this resistance may set the stage for extended gains, targeting fresh highs.
3. Support Zone (Critical): 3.900
If the price retraces below this level, it could test 3.800, signaling increased bearish pressure.
š Trade Setup:
Long Entry: Enter above 4.060, targeting 4.100, 4.346, and 4.500.
Short Entry: Enter below 3.900, targeting 3.800, 3.700, and 3.600.
Stop Loss: Use 3.980 for long trades and 4.150 for short trades.
EIGEN's recent price action points to potential volatility, making this an opportune moment for careful trade execution. Stay alert and manage risks effectively!