$EIGEN

/USDT Technical Analysis and Trade signal 🚀 🎯

Current Price: $2.72

Trend: Bullish (supported by strong price action above Parabolic SAR and near the upper Bollinger Band).

Indicators:

Bollinger Bands suggest the price is near overbought territory.

High trading volume supports the bullish momentum, but caution is advised near resistance levels.

Trade Signal:

Momentum: Bullish, with potential for further upside if $2.734 is breached.

Entry:

Enter long near $2.70-$2.72, targeting a breakout above resistance.

Target Levels 🎯:

1. Target 1 (T1): $2.80 (Minor resistance, achievable with current momentum).

2. Target 2 (T2): $2.92 (Major resistance, aligns with potential next Fibonacci level).

3. Target 3 (T3): $3.10 (Psychological resistance and extended bullish target).

Stop-Loss:

Place a stop-loss below $2.49 (SAR support) to protect against trend reversal.

Momentum:

Buy Pressure: Strong, confirmed by increasing volume and Bollinger Band breakout potential.

Critical Resistance: $2.734 (Upper Bollinger Band); a breakout above this will likely trigger T1-T3 levels.

Critical Support: $2.49 (SAR support); breaching this could indicate a bearish reversal.

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