The promise to burn coins is to let everyone see this message, making the newcomers think it will rise, stepping in, while the crash has already happened, so they should weigh it themselves.
$EIGEN **Short-term pressure**: The current price (1.8000) is below the 7-day MA (1.8171). If it fails to break through, it may fall back to the 25-day MA (1.7706) support. - **Medium- and long-term support**: The 25-day and 99-day MA (about 1.77) form a support band. If the price stabilizes, it can be regarded as a short-term buying opportunity.
### 2. **Key points** - **Take profit target**: The upper resistance level is 1.8779 (recent high), and the second target is 1.9000. - **Stop loss suggestion**: Set below 1.7700 (close to the 25-day MA) to avoid the risk of false breakthroughs.
### 3. **Technical signals** - **RSI neutral**: RSI (6/14/24) is close to 50, with no overbought/oversold signals. The direction needs to be confirmed in combination with price breakthroughs. - **Insufficient volume**: The current trading volume is lower than the moving average, be alert to liquidity risks and avoid large position operations.
### 4. **Operation strategy** - **Breakthrough strategy**: If the price quickly breaks through 1.8171 (7-day MA), you can go long with a light position, with a target of 1.8779. - **Pullback strategy**: If it falls to around 1.7700 and stabilizes, you can try short-term longs with a stop loss of 1.7600. - **Time sensitivity**: If the target is not reached within 30 minutes, it is recommended to close the position and exit to avoid overnight risks.