đ EIGEN/USDT Trade Analysis - Key Levels & Strategy đ
EIGEN/USDT is showing promising signs of a potential move! The price recently bounced off strong support at $3.480, indicating that buyers are stepping in. With resistance forming at $3.857, this is the level to watch for a potential breakout. đ
Support at $3.480 is holding well, acting as a cushion for the price, while resistance at $3.857 needs to be broken for the next leg up. We're seeing bullish momentum, with the price currently trading above the 7-period moving average, signaling possible upside.
đ Entry Strategy: Consider entering above $3.85, once we break through resistance for a safer buy. For risk-takers, an entry near the current price, with a stop loss below $3.48, might offer an attractive risk/reward ratio.
Watch volume and moving averages for confirmationâthis could be the next big move! đ
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