$EIGEN USDT is showing signs of a potential reversal after a sharp downtrend! 📉➡️📈
Current price hovering at 0.1972 USDT, down just -0.10% in the last tick, but watch this: we've bounced off a key low around 0.1693, with the chart forming higher lows in the recent candles. Price is testing the EMA(8) at 0.1946 as dynamic support — a hold here could spark momentum!
Key indicators screaming opportunity:
Stochastic: K 49.22, D 37.92, J 71.83 → J-line pushing high, hinting at bullish crossover ahead.
RSI(6) 50.52 (neutral-up), RSI(14) 37.52 (approaching oversold recovery zone).
Volume picking up on green candles, with MA(5) & MA(10) showing early bullish volume bars.
The downtrend EMAs are flattening — purple EMA(21) at 0.2119 is the next resistance to flip. If we break above 0.2069 (24h high), bulls take control!
TRADE FORECAST: LONG Setup Alert!
Buy
$EIGEN USDT Now! 🚀
Entry: around current ~0.1970-0.1980
Take Profit 1: 0.2120 (near EMA21, ~7-8% gain)
Take Profit 2: 0.2250 (strong resistance zone, ~14% upside)
Stop Loss: 0.1890 (below recent swing low & support, risk ~4-5%)
This is a high-conviction bounce play in the oversold zone — don't miss the reversal wave! Set your orders, manage risk, and let's ride it up. 💪
Follow & turn 🔔 on for more spot/futures calls! Trade smart, stack gains! ✅
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