$EIGEN 2.8x Volume Confirms the Breakout — Bulls Are Still in Control
My bias is bullish here. The 1h, daily, weekly and BTC structures are aligned, while price continues to hold above the latest higher low. The recent volume expansion looks more like continuation than a trap.
I’m watching 0.2875–0.2938 first, which is the key 1h supply and swing-high liquidity zone. If price accepts above this area, the next upside target is 0.3100.
For entries, I prefer a pullback into 0.2795–0.2702, where unfilled demand and the FVG sit below the volume spike. I would not chase the 15m candle. Instead, I want to see a pin bar, bullish engulfing candle, or lower-timeframe market structure shift before entering.
Take-profit levels:
TP1: 0.2875
TP2: 0.2938
TP3: 0.3100
Risk management remains key. A sustained close below 0.2564 would invalidate the bullish structure and shift my bias bearish. On any dip, I also want 0.2751 to be reclaimed and held, especially with RSI already stretched.
Flow supports the bullish case:
OI: $11.3M (+23.5% 24h)
Funding: +0.0050%
Taker Flow: 1.06x
The combination of rising OI, mild buyer-dominant taker flow and 2.8x volume suggests fresh participation is entering the move. Still, confirmation matters more than chasing momentum.
Not financial advice. Trade with a plan and manage risk.
#EIGEN #CryptoTrading #Altcoins #BinanceSquare #Crypto $EIGEN
My bias is bullish here. The 1h, daily, weekly and BTC structures are aligned, while price continues to hold above the latest higher low. The recent volume expansion looks more like continuation than a trap.
I’m watching 0.2875–0.2938 first, which is the key 1h supply and swing-high liquidity zone. If price accepts above this area, the next upside target is 0.3100.
For entries, I prefer a pullback into 0.2795–0.2702, where unfilled demand and the FVG sit below the volume spike. I would not chase the 15m candle. Instead, I want to see a pin bar, bullish engulfing candle, or lower-timeframe market structure shift before entering.
Take-profit levels:
TP1: 0.2875
TP2: 0.2938
TP3: 0.3100
Risk management remains key. A sustained close below 0.2564 would invalidate the bullish structure and shift my bias bearish. On any dip, I also want 0.2751 to be reclaimed and held, especially with RSI already stretched.
Flow supports the bullish case:
OI: $11.3M (+23.5% 24h)
Funding: +0.0050%
Taker Flow: 1.06x
The combination of rising OI, mild buyer-dominant taker flow and 2.8x volume suggests fresh participation is entering the move. Still, confirmation matters more than chasing momentum.
Not financial advice. Trade with a plan and manage risk.
#EIGEN #CryptoTrading #Altcoins #BinanceSquare #Crypto $EIGEN