$EIGEN
/USDT Analysis (Current Snapshot)*
- *Current Price*: 1.94
- *Price Change*: +14.43
- *24h High*:2.00
- *24h Low*: 1.654
*Support Resistance*:
- *Support*:1.654 (24h Low), 1.713 (MA(99))
- *Resistance*:2.00 (24h High), 2.018 (Potential Next Resistance)
*Market Insight*:
- *Trend*: The price is showing bullish momentum with a **+14.43
- *Volume*: *38.12M USDT* traded, indicating healthy liquidity for the asset.
*Entry Zone*:
- *Buy*: Look to enter near the *1.921* (MA(25)) level or on a pullback near *1.654* (24h Low).
- *Sell*: Consider selling near *2.00* (24h High) or *2.018* (next potential resistance).
*Confirmation*:
- *Bullish Confirmation*: A break above *2.00* would confirm a continuation to higher levels, potentially testing *2.02*.
- *Bearish Confirmation*: A break below *1.654* would suggest a reversal to lower levels, possibly testing *1.50*.
*TP1, TP2, TP3*:
- *TP1*: 2.00 (24h High)
- *TP2*:2.02 (Resistance zone)
- *TP3*: 2.50 (Psychological resistance level)
*Stop Loss*:
- *Stop Loss*: Below *1.654* to protect against further downside risk in case of a reversal.
*Bearish Setup*:
- *Short* if the price breaks below *1.654*, targeting the next support near *1.50*.
*Pro Tip*:- *Volume matters*: Pay attention to volume spikes near the resistance zone. A high volume breakout above *2.00* could indicate a stronger move upwards.
*When to Buy/Sell*:
- *Buy* if the price holds above *1.921* and approaches *2.00*.
- *Sell/Short* if the price drops below *1.654*, targeting *$1.50* as the next support level.
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