$EIGEN Approaching Support Zone Short-Term Long Opportunity

$EIGEN /USDT is currently trading at 1.134, following a sharp correction from the recent high of 1.640. Price has tested a strong support zone near 1.090 – 1.100 and is now showing signs of recovery on the daily timeframe.

This could be a low-risk area to consider a short-term long position, as the price attempts to reverse from a local bottom.

Entry Zone: 1.120 – 1.135

Stop Loss: Below 1.070

Take Profits:

TP1: 1.180

TP2: 1.230

TP3: 1.290

The volume and price action suggest accumulation near support. If the support holds, a short-term bounce is likely. Risk management is key. Use a trailing stop after hitting TP1 to protect profits.

Buy and trade here 👇🏻