$EIGEN is approaching a high-potential reversal zone, and I'm expecting buyers to regain control as selling pressure starts losing momentum.
I'm watching this setup because price is testing a strong support area after a healthy correction from the recent rally.
Trade Setup
$Entry Zone: 0.2480 - 0.2550
$Stop Loss: 0.2380
$Target 1: 0.2700
$Target 2: 0.2850
$Target 3: 0.3000
$Target 4: 0.3160
Why I'm Bullish
• Strong support is holding near 0.2480 • Price is trading close to a key demand zone • Recent correction removed weak hands from the market • Risk-to-reward remains attractive from current levels • Previous bullish structure remains intact above support
How It's Possible
I'm seeing price stabilize near support after a sharp pullback from 0.3159. If buyers continue defending the current zone and price reclaims $0.2700, momentum can quickly shift back to the upside and target $0.2850, $0.3000, and $0.3160.
Risk Management
• I'm using a strict stop loss at $0.2380 • I'm securing profits at every target level • I'm moving stop loss to breakeven after Target 1 • I'm protecting capital while following the trend
The bullish setup remains valid while price stays above $0.2380. A confirmed breakout above $0.2700 can trigger the next bullish expansion.
Let's go and Trade now $EIGEN
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