๐ $EIGEN /USDT: TESTING RESISTANCE โ BREAKOUT OR PULLBACK? โก
The $EIGEN/USDT pair is currently trading at 4.235, hovering near critical levels. Traders should stay alert for a potential breakout or retracement in the coming sessions.
๐ Trade Scenarios:
Entry Point: 4.235
Take Profit (TP 1): 4.400
Take Profit (TP 2): 4.600
Take Profit (TP 3): 4.800
Stop Loss (SL): 4.050
Support is at 4.050, while resistance is at 4.400. A breakout above 4.400 could confirm bullish momentum, targeting 4.600 and 4.800. Conversely, a drop below 4.050 may indicate bearish pressure and lead to further downside movement.
๐ Market Outlook:
EIGEN is holding above 4.050 support, suggesting potential for an upward move if it clears 4.400 resistance. A successful breakout could signal bullish continuation, while failure to hold support may result in a pullback.
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