📊 $EIGEN /USDT Technical Analysis: Short-term Strategy!

$EIGEN

$EIGEN is currently trading at $3.192, down -6.94% in the last 24 hours. The chart shows strong volatility, with the price bouncing from $3.052 (support) to $3.286 (resistance). After hitting resistance, the price pulled back, signaling a potential consolidation phase.

📉 Support & Resistance:

Support: $3.05 – This level has shown strong buying pressure, a potential re-entry point.

Resistance: $3.28 – The price retraced each time it hit this level, making it crucial to break for a bullish continuation.

💡 Entry Strategy: For short-term traders, a buy around the support level of $3.05 could offer a good risk-reward ratio. A break above $3.28 would signal a breakout opportunity, with potential upside momentum.

Keep an eye on volume and momentum indicators for a stronger confirmation before entering! Happy trading! 🚀

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