Analysis: $EIGEN /USDT has confirmed a bullish reversal with strong volume after testing key support around $4.80. The breakout above $5.10 signals further upside potential, targeting the next resistance levels at $5.30 and beyond. RSI indicates improving momentum, supporting a continued upward move.
Risk Management: Place a stop loss below $4.85 to limit downside risks. Monitor for volume confirmation near resistance levels.
#BTCÂ , It's following the plan here, of course, it hasn't reached $41,500 yet, but it has already shown some reaction here, which was important for the BULLS. However, some large SELL orders were activated around $40,200, which has already slowed down the BULLS here.
There is something going on here, if we look at the order book for example, large SELL orders have been withdrawn and replaced, higher up ($43K), however, it is likely that this is just to encourage the BUYERS to push there, but that These same orders are likely to be closed and replaced below to be activated quickly, without necessarily reaching their primary targets.
It is extremely important here that the BULLS are able to play the price above $40,235 (red line on the chart) and keep it there, as we would have this as a price deviation and the BULLS would have more strength to play it at $43K/44K to one last jump, then this red line is salvation or doom for the BULLS.
I don't really care if we get to the black line drawn on the graph yesterday or not. I think this will be the last jump here, and then we'll fall a little further!
JUST IN: đşđ¸ Senator Elizabeth Warren gets community noted after claiming nations are using crypto to dodge sanctions and undermine national security.
One of my main focuses for this next bullrun is to find projects that are actually delivering value to the web3 ecosystem.
Not only that, but I am also looking for projects that are real businesses and generate real revenue.
I have found a project that covers both these points, and its currently under a $15M MC, so it has huge potential to take offâŚ. Itâs time you learnt about it.
Hit the like button if you want me to share. I'll share at 1000 likes