$EIGEN /USDT Analysis: Short-term Signal!š„š
The price at $3.800 is consolidating after testing the resistance near $3.920. A bearish rejection hints at further downside pressure, though a breakout remains possible with volume.
Long Entry: Above $3.920, targeting $3.950 and $4.00.
Short Entry: Below $3.750, aiming for $3.700 and $3.650.
Stop Loss Levels:
ā¢ Long trades: Below $3.850.
ā¢ Short trades: Above $3.780.
Current setup leans bearish, given multiple failed attempts at resistance. However, a breakout above $3.920 could flip momentum bullish quickly. Monitor closely!
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