#EIGENonBinance #eigen

### Key Observations:

1. **Price**: The price is currently at **4.110** USDT, with a significant increase of **1270%**.

2. **Moving Average (MA60)**: The 60-period moving average line is at **4.057** USDT, acting as a support level.

3. **MACD (Moving Average Convergence Divergence)**:

- The **MACD** line is above the signal line but shows minimal divergence (MACD = 0.003).

- This suggests the bullish momentum is still present but might be slowing down.

4. **Volume**: A recent increase in trading volume can indicate stronger price movement, but we need to be cautious if volume drops while price continues rising (possible weakening trend).

### Trading Strategy:

#### Long Entry:

- **Entry Point**: Around **4.060 - 4.100** (near the MA60 support level).

- **Stop Loss (SL)**: Below **4.050**, which is just below the moving average support, to protect against a significant downtrend.

- **Take Profit (TP)**:

- Short-term target: **4.300 - 4.350**, based on recent price spikes.

- Medium-term target: **4.500 - 4.600**, if the bullish trend continues with increasing volume and positive MACD divergence.

- **Trade Duration**: Hold the trade for a few hours to days depending on market conditions. If price consolidates above **4.100** without dropping below MA60, you may extend the position.

#### Short Entry:

- **Entry Point**: If the price drops below **4.050** (breaching the MA60 support).

- **Stop Loss (SL)**: Set it just above **4.100** in case the price rebounds.

- **Take Profit (TP)**:

- Short-term: **3.900 - 4.000** (previous consolidation levels).

- Medium-term: **3.750 - 3.800** (if the bearish trend intensifies).

- **Trade Duration**: Short trades could last for several hours to days depending on how quickly the price breaks down.

### Risk Management if Signals Go Against You:

- **Long Trade**: If you go long and the price drops below **4.050** (MA60 break), close the trade to minimize losses. Reassess at lower support levels like **3.900**.

- **Short Trade**: If you go short and the price rises above **4.100** or consolidates around that level with strong volume, close the position.

#### Final Notes:

- Watch **MACD** closely for signs of momentum shifting either way.

- Keep an eye on volume, as decreasing volume during price increases could indicate a weakening trend.

- Be prepared to adjust your stop losses and take profits as price action evolves.

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