⚡️⚡️⚡️$EIGEN ⚡️⚡️⚡️
✅ The current price is around 2.016 USDT, sitting above the equilibrium level of the most recent swing range.
✅ The overall trend is bullish 🚀, evident from the strong upward move and recent breakout above previous highs.
✅ Volume is high on the hourly, with significant buy-side momentum across larger timeframes, although the last hour saw a majority of sellers—potential for short-term pullback or profit-taking.
✅ With price currently at 2.016, just under the top of this rally, chasing longs is risky without a pullback confirmation.
✅ Watch for a retracement into the 1.878–1.815 area. If price shows a reversal pattern here (pin bar, bullish engulfing, or lower timeframe trend shift), this could be a high-probability long setup.
✅ The price action is clearly bullish, but entering now without a pullback carries higher risk due to overbought signals. I’d look for a retrace down to the 1.878–1.815 zone, wait for a bullish reversal pattern (such as a pin bar, bullish engulfing, or even a sweep of intraday lows followed by strong buying), and then enter long. Target 1.980 first, then 2.099.
✅ If the price fails to hold above 1.713 after a pullback, the bullish scenario is invalidated, and I’d step back and reassess for possible deeper support re-tests.
✅ For confirmation, always wait for clear bullish price action at your entry zone (like a reversal candle on lower timeframes, or a change in structure with higher highs and higher lows before entering).
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