$EIGEN USDT Technical Analysis

Current Market: Bullish

Pattern: Bullish Flag

Long Entry: $3.15 - $3.20 (Breakout of the flag)

Target: $3.40 - $3.50 (Flagpole height projection)

Stop Loss: $2.90 (Below the flag support)

Short Entry: $3.35 - $3.40 (Retest of the flag resistance)

Target: $3.00 - $2.90 (Flagpole height projection)

Stop Loss: $3.50 (Above the flag resistance)

Leverage: Use 2x to 3x leverage to maximize returns while managing risk.

Market Outlook: The bullish flag pattern suggests a continuation of the upward trend. A breakout above the flag resistance is likely to trigger a significant price increase. However, a retest of the flag resistance or a break below the flag support could signal a potential reversal.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research or consult with a financial advisor before making any investment decisions.

#CryptoTrading #Binance #EIGENUSDT #TechnicalAnalysis #LeverageTrading