$EIGEN Bulls Regain Control: Breakout Confirmed!
The market structure for
$EIGEN has just shifted gears. After a period of consolidation, we are seeing a strong impulse move originating from the demand zone, backed by a high-volume breakout candle on the 1H timeframe.
🔍 Technical Breakdown
EIGEN has successfully cleared its recent range resistance. As long as the price sustains above the 0.342 support level, the momentum remains firmly in favor of the bulls. This setup suggests a classic "breakout and retest" scenario, offering a high-probability entry for the next leg up.
⚡ Trading Setup: EIGEN / USDT
Direction: LONG 🟢
Entry Zone: 0.342 – 0.350 (Look for entries on minor pullbacks)
Stop Loss: 0.325 (Protects against a fakeout)
🎯 Profit Targets (TP)
TP1: 0.365 (Initial resistance)
TP2: 0.382 (Mid-term target)
TP3: 0.400 (Major psychological & technical level)
💡 Pro Tip: If EIGEN hits TP1, consider moving your Stop Loss to the entry point to ensure a "risk-free" trade while chasing higher targets!
Market Outlook: Holding the 0.342 floor is crucial. If bulls maintain this level, we anticipate a steady continuation toward the 0.400 resistance.
What’s your take on
$EIGEN ? Are we heading to 0.450 next? Let me know in the comments! 👇
#EIGEN #WhoIsNextFedChair #BTC100kNext?