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EIGEN / TetherUS

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EIGENUSDT trade ideas

EIGEN/USDTKey Level Zone : 3.910 - 3.958 HMT v4.1 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. Important Note : Role of Key Levels: - These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns. - Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa). My Trading Rules Risk Management - Maximum risk per trade: 2.5%. - Leverage: 5x. Exit Strategy Profit-Taking: - Sell at least 70% on the 3rd wave up (LTF Wave 5). - Typically, sell 50% during a high-volume spike. - Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio. - If the market shows signs of losing momentum or divergence, ill will exit at breakeven. The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks HMT v3.1: - Enhanced entry confirmation for improved reward-to-risk ratios HMT v4.0: - Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling HMT v4.1: - Enhanced take-profit (TP) target by incorporating market structure analysis
Long
by Ren_MomentumTrader
EIGEN - Box is brokenBINANCE:EIGENUSDT (1h CHART) Technical Analysis Update EIGEN is currently trading at $3.578 and showing overall bullish sentiment sentiment Price was trading inside the box for couple days and expecting to breakout from the box soon. There is a good potential for long trade here. Entry level: Candle close above $3.68 Stop Loss Level: $ Below 3.204 TakeProfit 1: $3.875 TakeProfit 2: $ 4.180 TakeProfit 3: $ 4.592 TakeProfit 4: $ 5.035 TakeProfit 5: $ 5.612 Max Leverage: 5x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
EIGEN Price Analysis – Key Levels and OutlookRecent Performance: Retracement: EIGEN has retraced to the midpoint of its November-December rally, testing a critical support zone as it approaches a period of heightened supply due to a token unlock event. Higher-Timeframe Support: Begins at $3.3792, corresponding to the high of the November 25th bullish gap. Support Levels: Primary Support Inside Gap: $3.3000: November 11th's weekly high, offering initial support within the gap. $3.1911: November 4th's rejection level, representing stronger secondary support. Deeper Support: If the gap fails, the next significant zone lies at: $2.8932: November 24th's bullish gap. Aligns with November 11th's weekly accumulation midpoint, providing robust support for potential reversal. Upside Targets: Short-Term Resistance: $4.4820: December 21st swing high, where bears’ stops could cluster. $4.6355: December 14th rejection, likely to act as a significant resistance level. Long-Term Targets: $5.0213: December 16th's distribution zone, beyond which resistance appears minimal, allowing for potential price discovery. Key Considerations: Token Unlock Impact: Bulls may wait to absorb the newly unlocked supply before initiating significant buying activity. Breakout Conditions: A decisive move above $4.4820 with volume could trigger a cascade of short covering, driving momentum toward $4.6355 and beyond. Failure Scenario: A breakdown below $2.8932 would invalidate the bullish structure, signaling deeper retracement and potential accumulation at lower levels.
Long
by Richtv_official
1
EIGEN TREND CORRCTION CHANNEL (UPDATE)so in the analysis i made few days ago (or yesterday idk) on BINANCE:EIGENUSDT we we had a channel that wad broken from below and you could"ve opened your position from the channel brakeout or the grenn line i specified though to be honest channel brakeout candle was too big only time frame you could have opened postion was 15 and in my opinion it was too risky with current status of the market but with the green line it was a lot safer to open your position and even better and smaller SL if you managed to open a position on BINANCE:EIGENUSDT i would suggest to close it fully or saving your profits yeah that"s IT i would really be thankful of any of you that supports me if the support is enough i would be more productive thanks to all of you 😘
by kanaroio
1
$EIGEN - Consolidation Falling Wedge$EIGEN - Consolidation Falling Wedge Overview: The Consolidation Falling Wedge is a bullish technical chart pattern that often signals a potential reversal from a downtrend to an uptrend. When observed in the context of $EIGEN, this pattern suggests that the crypto may be approaching a critical turning point after a period of consolidation. Key Characteristics: 1. Trend Lines: Descending Upper Trend Line: Connects the series of lower highs. Descending Lower Trend Line: Connects the series of lower lows. Both trend lines converge, narrowing the price range. Implications for $EIGEN: Bullish Reversal Signal: The falling wedge suggests that the bearish momentum is weakening. As the price consolidates within the narrowing wedge, buyers may be gradually gaining control. Potential Breakout: Traders watch for a breakout above the upper trend line with increased volume as a confirmation of the bullish reversal. This breakout can signal a good entry point for long positions. Price Target: The anticipated move after the breakout is often projected by measuring the height of the wedge at its widest point and adding it to the breakout point. Trading Strategy: 1. Entry Point: Consider entering a long position when the price breaks above the upper trend line of the falling wedge, accompanied by a surge in volume. 2. Stop-Loss: Place a stop-loss order below the lower trend line of the wedge to manage risk in case the breakout fails. 3. Profit Target: Set a profit target based on the measured move from the wedge’s widest point.
Long
by akaboshi