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

https://sahmeto.com/message/3604564
Goldfinch_song
Goldfinch_song
Rank: 11921
1.5
Buy،Technical،Goldfinch_song

Scenario 1 (Reversal from Demand):Wait for lower timeframe (M15/H1) reversal signal in $0.98–$1.16 zoneIf confirmed, consider long entries with tight risk below $0.98First target: $1.40–$1.55 (local supply); next: $2.15Scenario 2 (Breakdown):If price loses $0.98 with no reaction, step aside — next strong support much lowerNo interest in longs if green zone fails✅ Entry at retest of range lows, tight stop at entry price ($1.03)✅ Upside targets: $1.40–$1.55, then $2.25+✅ No holding through new lows — exit if support failsActive Setup:Hold spot long from $1.03 as long as price holds aboveMove stop to break-even at entry after initial bounceTarget: $1.40–$1.55 (first resistance), $2.25 (major)Exit/Stop:Exit immediately if price drops below $1.03 (stop at entry)🚨 Risk Warning:Very tight risk — do not average down if support failsOnly hold as long as $1.03 is defended

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$1.14
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