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【$EIGEN Signal】Bullish breakout above the 1H Bollinger upper band; the funding rate is low and supportive
$EIGEN 1H RSI 68.88, buy orders directly pushed the price above the 4H Bollinger upper band at 0.2455. Order book depth shows a Bid/Ask Ratio of 1.99, with a clear intention to place support orders. The 4H MACD histogram is still expanding, and bullish momentum has not been exhausted.
🎯Direction: Long
⚡Entry/Pending order: 0.245362 - 0.246100
🛑Stop loss: 0.243639
🚀Target 1: 0.249791
🚀Target 2: 0.251637
🛡️Trade management: - Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss to breakeven. If the price falls back to the entry level, you will automatically exit to protect capital.
The funding rate is 0.005%, which is extremely low—long-position holding costs are nearly zero, and the risk of a short-term short squeeze is limited. Trading volume on the 1H timeframe noticeably increased from 22:00 to 23:00, reaching 1719万, with large orders actively being bought and liquidity remaining ample. The profit-loss ratio for this range is 1.5—just place the pending order to execute.
View real-time quotes 👇 $EIGEN
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