๐จ Massive $EIGEN Long Liquidation Alert! ๐จ
A massive $9.4018K long liquidation just happened at $3.68914โa clear sign that something big might be brewing for $EIGEN! Letโs dive into what to expect next.
๐ฅ Buy Zone:
Target the $3.40 - $3.60 range for potential buys. If $EIGEN dips here, it could be a solid entry for a possible bounce back!
๐ฏ Target Price:
First target: $4.00
If the momentum continues: $4.30
Watch for resistance near these levels, as they could cap the price movement.
โ Stop Loss:
Set your stop loss at $3.20 to protect yourself from further downside if the market turns against you.
๐ What Does This Liquidation Mean?
The long liquidation at $3.68914 indicates a shift in sentiment, and now traders might be looking for an entry point. If $EIGEN holds above the $3.40 - $3.60 buy zone, a recovery could be in the cards.
๐ Key Insight:
If EIGEN bounces from the buy zone, it could push toward $4.00 and even $4.30. But if it breaks below $3.20, it might head lower.
๐ก Strategy:
Enter cautiously if the price reaches the buy zone, and use a tight stop loss. If the price rises, you can target $4.00 or $4.30 for profits.
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