Friends $EIGEN On the Edge of Critical Area!

The price is currently resting at the resistance area in the red box. After this, there are 2 different scenarios on the table...

1. Liquidity Hunt or (Fake-out) as we call it.

The price approaches $1,635... Then it is sharply rejected.

It dips down, liquidating long positions and collecting stops.

➡️ $1.308$ is the first level of support to be met

➡️ If that breaks too, the $1.090$ – $0.74$ band comes into play...

This scenario is a classic shake, then rise.

2. Clean Break The price breaks the $1,635$ area with volume. Then it makes a brief retest to establish support and continues on its way.

➡️ $2,280

➡️ Following that, the $3,154$ expansion target

In this scenario, the rally starts because this area has not been broken for a long time. #EIGEN is currently testing the pulse of the market. Either it will shake off a bit and recover...

Or it will break through and start a new trend.

Wishing everyone great profits.