EIGEN/USD Analysis: Key Levels and Entry Strategy at $3.850
EIGEN is trading around the critical $3.850 mark, presenting a pivotal point for traders. This level is acting as a significant support zone, where buyers are stepping in. If the price holds above $3.850, it signals strength, with the potential for a rally toward the next resistance at $4.000. On the flip side, if it breaks below, expect a pullback to $3.500, the next key support.
For traders, an entry strategy around this level could be to buy on a confirmed bounce from $3.850, targeting $4.000, with a stop-loss slightly below $3.800. A breakout above $4.000 could open up further upside potential. Momentum indicators like RSI and MACD should be monitored closely for bullish or bearish signals, while volume surges will confirm the next major move.
This price zone offers a tactical opportunity for those seeking to ride the next wave in EIGENâs price action.
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