$EIGEN /USDT Analysis: Short-Term Outlook 🚨
The price, currently at $3.775, is consolidating after facing resistance near $3.920. A bearish rejection suggests potential downside momentum, though a breakout remains possible with increased volume.
Trade Setups:
🔹 Long Entry: Above $3.920, targeting $3.950 and $4.00.
Stop Loss: Below $3.850.
🔹 Short Entry: Below $3.750, targeting $3.700 and $3.650.
Stop Loss: Above $3.780.
Market Sentiment:
Bearish Bias: Multiple failed attempts to breach $3.920 resistance.
Bullish Potential: A breakout above $3.920 could shift momentum upwards swiftly.
⚠️ Watch Levels Closely: Consolidation could lead to a decisive move in either direction.
Current Price: $3.775 (-0.18%)