#MyQixiTradingShare

📊 EIGEN/USDT Long Setup — Entry Zone Confirmed, Here's My Full Analysis
Been watching EIGEN closely for the past few days and this setup is finally giving me the entry I've been waiting for. Let me break down exactly what I'm seeing on the chart and why I'm taking this trade.
Price has been in a clear downtrend since August 11 when it rejected sharply from the 0.1860 area. What we've had since then is a slow grind lower building a base around the 0.1639 to 0.1695 zone — that's the demand area that has held twice now and each bounce from that zone has been meaningful rather than just a dead cat reaction.
Current price is sitting at 0.1716 and I'm looking for entries between 0.1695 and 0.1725. The yellow moving average is starting to flatten out and price is trading above the green MA for the first time since the dump began — that's the first real sign that the downside momentum is exhausting.
The trade setup is straightforward and the risk is well-defined.
Entry zone sits between 0.1695 and 0.1725 — ideally filling closer to 0.1700 on any minor dip before the move begins. Stop loss is clean at 0.1680 — below the demand zone with no ambiguity. If price closes below 0.1680 the thesis is invalidated and I'm out immediately.
Three take profit targets give this trade good structure. TP1 at 0.1750 is the first minor resistance and where I'd take 30% off. TP2 at 0.1790 is the mid-range resistance visible on the chart — another 40% off here. TP3 and final target at 0.1840 which was previous support turned resistance — the full exit zone for the remaining position.
Risk to reward on this setup is approximately 1 to 4.5 at TP3 which is well above my minimum threshold for taking a leveraged position. Running 10x leverage on this one so position sizing is disciplined — no more than 2% of portfolio at risk on the stop.
The key watch level heading into the weekend — if price can close a 4H candle above 0.1750 with decent volume that TP1 flips to support and the path to 0.1840 becomes significantly higher probability.
Not financial advice. Always manage your own risk. This is my personal analysis and trading setup for EIGEN based on what I'm seeing on the chart right now.
Are you watching EIGEN right now — do you think this demand zone holds and we get the move to 0.1840, or is the broader market weakness going to push us below 0.1680 first? Drop your thoughts below!
‍#GateSquare #EIGEN #Crypto: $EIGEN