$EIGEN
EIGEN Trading Signal
🟡 Neutral to bullish signal
Current price: 3.16
Recommended strategy:
1. Entry: Wait and see with a small position near 3.16 or try to go long with a light position
2. Stop loss: 3.10 (-1.90%)
3. Target:
- 3.22 (+1.90%)
- 3.27 (+3.48%)
- 3.32 (+5.06%)
- 3.37 (+6.65%)
Main observation points:
1. There is a certain resistance in the 3.16-3.22 range, and long orders are more concentrated
2. The 3.00-3.16 range is the recent support, and long orders have concentrated stop losses
3. High leverage orders are concentrated in the 3.22-3.33 range, and breaking through this range may trigger a sharp rise
4. The order volume of Binance platform is significantly higher than that of OKX and Bybit, which may have a greater impact on price trends
Notes:
1. Use small positions or wait and see, and strictly control risks
2. If the price breaks through 3.22, you can increase your position slightly, but be wary of stronger resistance near 3.33
3. If the price falls below 3.10, consider stop loss or shorting
4. Pay close attention to the latest progress of the EIGEN project and the overall cryptocurrency market trend
5. As a newer project, EIGEN may have large fluctuations, so pay attention to risk control
6. Consider using a moving stop loss and gradually increase the stop loss level when the price rises
7. Pay attention to the application development of EIGEN in DeFi and Layer 2, which may affect price trends
8. Pay attention to the differences in order distribution between different exchanges, especially the high order volume of Binance