$EIGEN $EIGEN $EIGEN

EIGEN/USDT Technical Analysis: A Bullish Outlook

The EIGEN/USDT chart is currently displaying a bullish trend. The price has broken above the key resistance level of $2.90, indicating a potential upside move.

Support and Resistance:

* Strong Support: The $2.85 level has acted as strong support in the past, and it could provide support again if the price retraces.

* Key Resistance: The $2.90 level has been a significant resistance level, but the recent breakout suggests that the price could move higher towards the next resistance level at $3.00.

Entry Strategy:

A conservative entry strategy would be to wait for a slight pullback to the $2.85 support level before entering a long position. This would offer a better risk-reward ratio.

However, for more aggressive traders, an immediate entry at the current price could be considered, with a stop-loss placed below the $2.85 support level.

Overall, the technical analysis suggests that EIGEN/USDT has a bullish outlook. Traders should monitor the price action closely and adjust their positions accordingly.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.

Would you like me to add any other information or analysis to this post?

#TetherUnderInvestigation #USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound #Write2Earn!