$EIGEN is trying to recover after a brutal rejection from the 0.2160 resistance zone sent price all the way down to 0.1870. Buyers stepped back in near support, and the chart is now showing early signs of a possible reversal attempt.
Setup:
• Entry: 0.2080 – 0.2150
• Target 1: 0.2250
• Target 2: 0.2420
• Target 3: 0.2680
• Stop-loss: 0.1980
RSI cooling after the sharp rejection suggests selling pressure is slowing down. If bulls manage to reclaim momentum above current levels, EIGEN could start building a stronger recovery structure from here.
Trade #eigen here
EIGEN
0.2174
-2.68%