🚨 $EIGEN ALERT: CRUCIAL LEVELS TESTED – BIG MOVE AHEAD! 🚨
$EIGEN is currently trading at 4.735, with a 3.16% increase in the past 24 hours. The price is showing signs of recovery after a dip, indicating potential for further movement as it nears critical resistance levels.
💡 Key Levels to Watch:
Resistance 1: 4.980 – A breakout above this level could signal a strong bullish rally.
Target 1: 5.200 – The first profit zone for short-term traders.
Target 2: 5.500 – Sustained momentum could drive EIGEN toward this level, showing solid buying strength.
Target 3: 6.000 – Reaching this zone would confirm a long-term bullish trend and attract new interest.
📉 Support Levels to Monitor:
Immediate Support: 4.600 – Holding above this level is critical to maintain upward momentum.
Critical Support: 4.350 – A drop below this could indicate further downside pressure and negate bullish expectations.
⚠️ Trading Strategy: Look for a confirmed breakout above 4.980 with increasing volume for long trades. Set stop-loss orders below 4.600 to minimize downside risk. Pay close attention to market sentiment and volume to gauge the move's strength.