🚨Monitoring the EigenLayer (EIGEN) stock

The stock $EIGEN is trying to regain momentum after a sharp downtrend. The current price of $1.54 seems to be an early breakout attempt! 📈

Key moving averages:

MA20: $1.51 ✅

MA50: $1.41 ✅

MA200: $1.20 🔥 Long-term reversal signal

Targets👁️: 💵👈 $EIGEN ✅

🥇 Target 1: $1.85 - Previous local highs

🥈 Target 2: $2.20 - Major resistance area

🥉 Target 3: $3.00 - Psychological and structural barrier 🚀

Stop loss:

Set the price below $1.35 to manage risk ⚠️

Why monitor the EIGEN stock?

The second layer narrative is trending 🔥

Moving average recovery = Trend reversal signal

Stock price decline = Potential for sharp movements 🚀

⚠️ This is a momentum setup. Not financial advice. Stay safe!

$WCT

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