$EIGEN

/USDT: Strong Uptrend, Consolidation for Continuation

The EIGEN/USDT 15-minute chart exhibits a robust bullish trend, currently consolidating after hitting a 24-hour high of $1.153. This consolidation phase, potentially a bullish flag or pennant, suggests further upside.

* Entry Level: Consider an entry around the current price of $1.148, or on a clear breakout above the consolidation range.

* Target Levels:

* $1.153 (retesting the 24hr high)

* $1.180 - $1.200 (extension if breakout is confirmed)

* Stop Loss: A prudent stop loss can be placed just below the recent consolidation low, around $1.135, to manage downside risk.

* Market Next Move: Based on the strong preceding rally and the current consolidation pattern, the market's next move for EIGEN/USDT is expected to be bullish, indicating a continuation of the uptrend.

#BTCWhaleMovement #SpotVSFuturesStrategy #HODLTradingStrategy