$EIGEN /USDT
๐งพ Market Snapshot
Current Price: $1.159
24h Change: +5.75% (bullish)
24h High: $1.232
24h Low: $1.094
24h Vol:
EIGEN: 10.35M
USDT: 12.14M
Exchange: Binance
Category: Infrastructure
๐ Key Levels
โ Support Zones
S1: $1.123 (recent pullback & volume cluster)
S2: $1.094 (24h low, demand zone)
S3: $1.07โ$1.05 (next strong support if market weakens)
๐ผ Resistance Zones
R1: $1.20โ$1.23 (intraday high zone)
R2: $1.26+ (open sky for continuation if momentum persists)
๐ Technical Context
Price bounced from $1.094 low โ $1.232 (โ12.6% range move)
Current price of $1.159 sits in the mid-zone, could consolidate here
Volume supports bullish sentiment, but momentum cooling near resistance
๐ Trade Setups
๐ข Pullback Buy Setup (Low Risk Entry)
Entry: $1.12โ$1.14
Target: $1.20 โ $1.23
Stop Loss: $1.09
Bias: Trend continuation if BTC/market holds steady
Good R:R zone with minimal downside
๐บ Breakout Play
Entry: Break and close above $1.235 on high volume
Target: $1.26 โ $1.30
Stop Loss: $1.18
Use if strong bullish momentum returns with volume > $14M
โ ๏ธ Risk Management
If price drops below $1.09, expect deeper retrace to $1.05
Use tight stops due to recent high volatility in altcoins
๐ ๏ธ Optional: Indicator Confirmation
RSI (1h/4h): Near 60โ70? Watch for overbought signals
MACD: Look for bullish crossover on 1h or 4h
Volume: Increasing on up candles = strength, falling = weakness
๐ง Summary
ActionEntry ZoneTargetStop LossPullback Buy$1.12โ$1.14$1.20โ$1.23$1.09Breakout Buy$1.235+$1.26โ$1.30$1.18
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