#EIGEN is pulling back to retest both the broken descending trendline and the daily SMA50, which are converging with a key support zone. So far, this level is showing signs of strength.
📌 We're entering a position here, and will add more near the $1.096 support level if price dips further.
In case of a successful bounce, the upside targets are:
🎯 $1.599
🎯 $1.957
🎯 $2.358
🎯 $2.758
🎯 $3.328
🎯 $4.055
⚠️ As always, use a tight stop-loss and follow proper risk management.
📌 We're entering a position here, and will add more near the $1.096 support level if price dips further.
In case of a successful bounce, the upside targets are:
🎯 $1.599
🎯 $1.957
🎯 $2.358
🎯 $2.758
🎯 $3.328
🎯 $4.055
⚠️ As always, use a tight stop-loss and follow proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.