#GrayscaleSUITrust Long Signal Alert: $EIGEN 🚀
EIGEN/USDT (Perpetual)
Current Price: $4.319 (-10.95%)
Recent Low: $4.1966 (-16.06%)
After a sharp drop, EIGEN/USDT is stabilizing near the $4.12 support level, signaling a potential setup for a rebound. Here’s the trade plan:
Key Levels to Monitor
Support: $4.12 (Strong), $4.00 (Critical Zone)
Resistance: $4.35 (Immediate), $4.50 (Key Zone), $4.60 (Bullish Target)
Long Signal Setup
Entry Zone: $4.25–$4.30
Target 1: $4.40
Target 2: $4.50
Stop Loss: $4.10
Why Go Long?
1. Support Hold: The price is consolidating near $4.12, a key demand zone.
2. Momentum Indicators: Indications of a potential reversal if resistance at $4.35 is cleared.
3. Volume Surge: Rising trading volume during recovery suggests growing buyer interest.
Risk Management Tips
Tight Stop-Loss: Set below $4.10 to minimize downside risks.
Partial Profits: Secure gains at $4.40 and allow the remaining position to run toward $4.50 if momentum continues.
Confirmation: Watch for a breakout above $4.35 to validate an upward trend.
Outlook:
EIGEN/USDT has potential for a rebound if $4.35 resistance is breached. Monitoring volume and momentum indicators will be key to confirming the trend.
What’s your strategy? Do you see EIGEN hitting $4.50? Share your thoughts!