As predicted in my previous post, the $EIGEN short-term bottom touched $3.675 (and even dipped to $3.636). My auto-exit, however, kicked in at $3.837.
In hindsight, $3.675 wasn’t just a good profit target for my short; it was the perfect pivot point to go long (short term). However, seamlessly switching from short to long is tricky, and I’m still working on honing that skill.
No regrets—protecting capital always outweighs chasing profits, especially in the crypto world. Safety and strategy first!
- Currently hovering near key MAs (MA120 at $62,084, MA200 at $62,265) acting as support/resistance. - Rejected at $64,448 with lower highs forming—short-term bearish sentiment remains. - RSI trending down, indicating selling pressure hasn’t eased. - MACD signals weakening bullish momentum, with a bearish crossover on the horizon.
Risk management: - Stop loss at $61,430 - Stop profit at $63,150
Looking for a push towards $62,900 before hitting potential resistance.