đš $EIGEN /USDT â BATTLE AT CRITICAL LEVELS! EXPLOSIVE MOVES AHEAD? đš
The EIGEN/USDT pair is currently consolidating near $3.446 on the 15-minute chart, showing potential for significant volatility. The price action indicates a tug-of-war between bulls and bears, which could lead to either a breakout or breakdown, depending on key levels being tested.
Key Resistance: $3.501
A breakout above this level could spark a strong bullish rally, with potential upside targets of $3.55 and $3.60 in the short term. If buying pressure continues, we might even see further gains toward $3.65.
Strong Support: $3.368
On the downside, a break below $3.368 could lead to a sharp decline, with the next support level sitting at $3.34. If selling accelerates, the price could dive to $3.30 or lower.
Long Entry Strategy:
Consider going long above $3.50, with a stop loss set at $3.44, targeting $3.60.
Short Entry Strategy:
A short position can be initiated below $3.36, with a stop loss at $3.38, aiming for a downside target of $3.30.
With volatility brewing, this could be the perfect setup for quick gainsâtrade cautiously and manage your risk effectively!
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