🚀 Long Signal Alert: $EIGEN

💡 Current Price: $4,276 (-10.95%)

After a sharp decline, EIGEN is showing signs of stabilization near the support level of $4.12. This zone could serve as a launching pad for a potential bounce, offering a favorable long setup. Let's take a look at the trading plan 👇

📊 Key Levels to Watch:

🔹 Support: $4.12 (strong), $4.00 (critical zone)

🔹 Resistance: $4.35 (immediate), $4.50 (key zone), $4.60 (target for bulls)

🔼 Long Signal Setup:

Entry Zone: $4.25-$4.30

Target 1: $4.40

Target 2: $4.50

Stop-Loss: $4.10

📈 Why Long?

The price is consolidating after finding support at $4.12, which coincides with a key demand zone.

Momentum indicators suggest a potential reversal if the price can overcome the resistance at $4.35.

Increased volume during the recovery phase indicates renewed interest from buyers.

⚠️ Risk Management Tips:

🔒 Use a hard stop-loss below $4.10 to minimize downside risk.

📉 Take partial profits at $4.40 and let the remaining portion rise to $4.50 if bullish momentum persists.