$EIGEN /USDT – Trade Setup & Technical View
EIGEN has surged +13% to $1.597, approaching the upper resistance zone after tapping $1.673. Strong buying volume (43M USDT) shows momentum is still alive, but the price is nearing an important inflection point.
Long Setup (Breakout Play):
Entry: $1.605 – $1.620 (confirmed breakout above resistance)
Target 1: $1.68
Target 2: $1.74
Stop Loss: $1.565
Reason: Price holding above $1.60 could invite another push towards the recent highs.
Short Setup (Rejection Play):
Entry: $1.67 – $1.68 (if strong rejection candle forms)
Target 1: $1.60
Target 2: $1.55
Stop Loss: $1.70
Reason: Heavy sell walls near $1.68 could trigger profit-taking before a re-entry opportunity.
If $1.55 fails to hold, EIGEN could see deeper pullbacks toward $1.48 support. A decisive breakout above $1.68, however, could set the stage for a strong rally continuation.
#EIGEN #CryptoTrading #BreakoutSetup #AltcoinAnalysis #TradeSetup