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$EIGEN EIGENUSDT in the 1H frame is showing a clear upward reversal signal after creating a short-term bottom around 0.2029. The price now bounces strongly to the 0.2300 area with an increase of nearly 8%, accompanied by a spike in volume - a sign that cash flow is returning.
Short-term MA lines have begun to stack in a bullish direction:
● MA5 cuts up to MA10 and MA20
● The price exceeds the entire short-term MA
● Strong bullsing candle breaks the resistance zone of 0.2200
This is a signal that the short-term recovery trend is being confirmed.
Beautiful buying areas can be guarded:
● 0.2240 – 0.2270 if there is a retest rate
● Or wait for a definitive breakout above 0.2320 to follow the trend
Expected goals:
● TP1: 0.2380
● TP2: 0.2450
● TP3: 0.2520 if the buying force continues to maintain
Near support:
● 0.2200
● 0.2150
Cut the loss if the price breaks 0.2140 because then the short-term upward momentum will weaken.
Currently, EIGEN has an advantage in momentum and volume, suitable for short-term surfing strategies in an uptrend. However, after the strong pump candle, limiting FOMO to chase the price in the high area, priority is given to waiting for the return to have a safer position.
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