$EIGEN analyze the EIGEN/USDT chart and discuss potential entry, stop-loss, and profit target levels.

Technical Analysis:

Entry Price:

Conservative Entry: Wait for a clear bullish reversal signal like a higher high and higher low formation or a bullish engulfing candle. You could also consider entering on a pullback to the 5.00 level.

Aggressive Entry: Enter at the current price of 5.247, assuming the bullish trend continues.

Stop-Loss:

Conservative Stop-Loss: Place the stop-loss below the recent swing low (around 4.765) to limit potential losses.

Aggressive Stop-Loss: Place the stop-loss slightly below the entry price (e.g., 5.200).

Profit Targets:

Short-Term Target: Aim for a profit target of 5-10% from your entry price. This could be around 5.50 - 5.77.

Intermediate-Term Target: Consider a target near the 5.50 level, which represents a significant resistance level.

Long-Term Target: If the overall market sentiment remains bullish, you could set a longer-term target near the 5.75 level.

Key Levels:

Resistance: 5.50, 5.75

Support: 5.00, 4.765$EIGEN