$EIGEN This push upward and then retreat has a noticeable long upper wick.
The price moved from 0.188 all the way up to 0.205, exactly hitting the upper Bollinger Band, and then got pushed back—indicating that sell orders above have started to appear. Although the MACD just formed a golden cross, the red histogram’s strength is too weak; both the fast and slow lines are still below the zero line. This kind of golden cross often leads to repeated whipsaws. If it can’t hold steadily around 0.20, a pullback toward the 0.194 mid-band becomes more likely, and the probability of a direct continuation higher is low.
Entry: 0.2005
Stop loss: 0.2060
Take profit: 0.1910
$EIGEN - Sell 🔻
Enter from below👇
The price moved from 0.188 all the way up to 0.205, exactly hitting the upper Bollinger Band, and then got pushed back—indicating that sell orders above have started to appear. Although the MACD just formed a golden cross, the red histogram’s strength is too weak; both the fast and slow lines are still below the zero line. This kind of golden cross often leads to repeated whipsaws. If it can’t hold steadily around 0.20, a pullback toward the 0.194 mid-band becomes more likely, and the probability of a direct continuation higher is low.
Entry: 0.2005
Stop loss: 0.2060
Take profit: 0.1910
$EIGEN - Sell 🔻
Enter from below👇
