$EIGEN has experienced a sharp downward expansion on strong selling volume, breaking below its MA60 dynamic support ($0.2262) down to $0.2234. Market structure on lower timeframes reflects high volatility and aggressive selling pressure. High-leverage long positions below $0.2240 risk further liquidation cascades if price fails to reclaim dynamic resistance.
🎯 Trade Setup
Direction:
SHORT
Entry Zone
$0.2235 – $0.2260
Take Profit 1
$0.2180
Take Profit 2
$0.2120
Take Profit 3
$0.2050
Stop Loss
$0.2310
Risk : Reward
1:2.5
Trade Type
Intraday
#eigen