$EIGEN /USDT ALERT 🚨

Current Price: $4.046 (+7.69%) 💥

Key Levels:

Resistance: $4.16 – This is the upper boundary of the ascending channel. A break above signals potential for further upward momentum.

Support: $3.80 – A solid floor, providing a key buying opportunity if the price dips to this level within the channel.

💡 Entry Strategy:

Long Trade: Enter above the $4.16 resistance level for confirmation of a breakout. Targets to watch are:

TP1: $4.25

TP2: $4.35

Short Trade: If the price falls below $3.80 support, a downside move could follow. Targets would be:

TP1: $3.70

TP2: $3.60

📉 Stop Loss:

For long trades, place a stop loss below $3.80 to manage risk.

For short trades, stop loss should be placed above $4.16 to limit potential losses.

⚡ Momentum Building: EIGEN/USDT is currently within a well-defined ascending channel, indicating strong bullish potential. Watch closely for a breakout or breakdown from these levels!

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