EIGEN is carving a tight range after a sharp bounce off its 50โday moving average, and the market is eyeing the next breakout. Volume spikes hint the bulls are gearing up for a fresh push.
๐ข $EIGEN LONG ๐
Entry โ $0.215384-$0.215816
Stop โ $0.209132 (-3.0%)
TP1 โ $0.218834 (+1.5%)
TP2 โ $0.226380 (+5.0%)
R/R 1:1.7 โข Confidence 64%
The recent CHoCH broke the downtrend swing, and a bullish CVD surge confirmed the direction. A fairโvalue gap lines up with an order block, creating a POI where the OB and FVG overlap, giving the setup a solid confluence.
A 3โฏ% stop is fairly tight given the current volatility, so keep leverage around 2โ3ร to stay safe.
Consider scaling out half of the position once the price reaches the first target near the next resistance.
Not financial advice โ always manage your own risk ๐
$EIGEN #EIGENUSDT #SMC #TradingSignals #Write2Earn
๐ข $EIGEN LONG ๐
Entry โ $0.215384-$0.215816
Stop โ $0.209132 (-3.0%)
TP1 โ $0.218834 (+1.5%)
TP2 โ $0.226380 (+5.0%)
R/R 1:1.7 โข Confidence 64%
The recent CHoCH broke the downtrend swing, and a bullish CVD surge confirmed the direction. A fairโvalue gap lines up with an order block, creating a POI where the OB and FVG overlap, giving the setup a solid confluence.
A 3โฏ% stop is fairly tight given the current volatility, so keep leverage around 2โ3ร to stay safe.
Consider scaling out half of the position once the price reaches the first target near the next resistance.
Not financial advice โ always manage your own risk ๐
$EIGEN #EIGENUSDT #SMC #TradingSignals #Write2Earn