Technical analysis by ScramblerG about Symbol EIGEN: Buy recommendation (6/18/2025)

EIGEN is currently showing a bullish falling wedge pattern near a strong horizontal demand zone, indicating a potential reversal move.Technical Breakdown:Entry Zone: $1.17 – $1.18 (current market price)Stop-Loss: Below $1.14 (last wick low/invalidation of wedge)Target Price: $1.74, $2.51 (+118%) from CMPResistance 1 (Minor): $1.33Resistance 2 (Major Target): $1.74Support Levels: • $1.17 (Immediate support) • $0.749 (Major demand zone if breakdown)Target & Risk-RewardTarget Price: $1.74, $2.51 (+118%) from CMPStop-Loss: $1.14Risk per token: ~$0.03Potential Profit per token: ~$0.56Risk:Reward Ratio: ~1:6.5Potential Gain: +118% from entryIndicators:Falling wedge breakout looks imminentRSI (14) at 39.5 — recovering from oversold zoneDemand zone previously triggered rallies — the probability of a bounce is highStrategy:Wait for a 4H candle close above the wedge trendline + volume confirmation to validate the breakout. Scaling in near support with a tight stop-loss can offer a strong risk-reward play.Not Financial Advice – This is a technical view for educational purposes. Always DYOR & manage risk accordingly.Like & follow if you found this useful!#EIGEN #Altcoins #BreakoutPumped 8-10% from entry, currently retesting the breakout line, next leg up soon in no time !!