🚀$EIGEN /USDT Trading Update 🌕🔥
Current Price: $3.374 📈
🔵 Support Level: $3.300
The support at $3.300 is crucial as it has recently prevented further dips, demonstrating strong buyer interest at this level.
🔴 Resistance Level: $3.400
EIGEN faces immediate resistance at $3.400. A decisive break above this level could signal a continuation of the upward trend.
📊 Trading Strategy:
Long Entry: Consider entering just above the resistance at $3.405. This approach bets on a breakout strategy where the price momentum continues to rise.
Target Prices: Aim for the first target at $3.450 and a second target at $3.500.
🛑 Stop Loss: Set a stop loss at $3.320 to mitigate risk, ensuring a tight control if the breakout doesn't sustain.
EIGEN shows promising volatility and volume, indicating an active trading scene. This setup is tailored for traders looking for a short-term position with clearly defined risk and reward parameters. Keep an eye on the $3.300 support and the $3.400 resistance as pivotal points for future trades.
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