📉 $EIGEN /USDT – Discounted Gem or Falling Knife? Time to Watch Closely!
$EIGEN has plunged -9.54%, testing the $1.12–$1.17 support zone after rejecting from $1.32 highs. It’s currently trading below all key moving averages (MA 7, 25, 99), indicating bearish short-term momentum — but a bounce from here could trigger a recovery.
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📊 Short-Term Trading Plan (Scalp/Intraday):
🔹 Entry: $1.18
🔹 Stop-Loss: $1.11
🔹 Take-Profit Targets:
• TP1: $1.23
• TP2: $1.28
• TP3: $1.33
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📈 Long-Term Swing Trading Plan (3–7 Days):
🔹 Entry Zone: $1.12–$1.18 (accumulate cautiously)
🔹 Stop-Loss: $1.05 (below local support)
🔹 Take-Profit Targets:
• TP1: $1.30
• TP2: $1.38
• TP3: $1.45
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💡 Watch for a breakout above the $1.26–$1.30 zone to confirm bullish reversal. Weakness below $1.11 may lead to deeper correction.
🧠 Trade wisely. Manage risk.
