$EIGEN /USDT Technical Analysis
Current Price: $2.449
24h High: $2.714
24h Low: $2.400
24h Vol(EIGEN): 12.01M
24h Vol(USDT): 30.53M
Gainer: -3.28%
Pattern Analysis: The chart shows a potential bearish reversal pattern forming. The price has broken above the upper Bollinger Band (BB) but has since retraced and is now retesting the broken level. This suggests a potential bearish reversal.
Trade Recommendations:
Short Trade:
* Entry: $2.449 (Current Price)
* Target: $2.200 (Below the broken resistance level)
* Stop Loss: $2.700 (Above the recent swing high)
Long Trade: Wait for a clear bullish signal, such as a break above the recent swing high.
Market Outlook: The market is showing signs of a potential bearish reversal. However, it's important to monitor the market closely for any signs of a bullish reversal.
Leverage: Use leverage carefully and manage your risk. Consider using a stop-loss order to limit potential losses.
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