EIGEN/USDTEIGEN/USDT Analysis
Time frame (1D)
Buy Setup:
Entry Zone: $1.08 - $1.14 (strong support area & Fibonacci 0.382).
Target Levels:
TP1: $1.94 (Fibonacci 1.618).
TP2: $2.27 (Fibonacci 2.272).
TP3: $3.61 (Fibonacci 3.618).
Stop Loss: Below $0.95 (support breakdown).
Key Insights:
1. Price continues to respect the ascending trendline, confirming bullish momentum.
2. Pullback to Fibonacci 0.382 signals a potential buying opportunity.
3. Additional confirmation: Monitor for increased volume during a breakout of minor resistance.