đ EIGEN/USDT Analysis: Key Levels and Entry Strategy đ
đ Support and Resistance Levels
Support The immediate support level is at $0.85. If EIGEN holds above this, it could signal further upside potential.
Resistance The first resistance level is at $0.95. A breakout above this could lead to higher gains.
đ Entry Strategy
Buy Entry Consider entering long positions if EIGEN retests the $0.85 support and shows signs of reversal.
Stop Loss Set a stop loss just below the support level to manage risk.
Target Aim for the $0.95 resistance or higher.
đĄCurrent Market Sentiment The chart shows a bullish trend with strong volume support, indicating potential for upward movement. Keep an eye on the moving averages (MA7 and MA25) for additional confirmation.
Stay vigilant and adapt as needed! Happy trading! đđ
