The $EIGEN chart is flashing a warning sign as it teeters on the edge of a potential downturn, with the current price action sparking a sense of urgency among traders.
$EIGEN - SHORT🔴
Entry: 0.2316
SL: 0.2414
TP1: 0.2267
TP2: 0.2218
TP3: 0.2169
With the trend structure on higher timeframes indicating a 70% likelihood of a bearish bias, this short setup aligns perfectly with the overall market sentiment, as the EMA20 and EMA50 are positioned above the current price, hinting at further downward momentum.
Do you agree that $EIGEN is due for a correction, or do you think the current momentum will prevail?
Click here to Trade 👇
$EIGEN - SHORT🔴
Entry: 0.2316
SL: 0.2414
TP1: 0.2267
TP2: 0.2218
TP3: 0.2169
With the trend structure on higher timeframes indicating a 70% likelihood of a bearish bias, this short setup aligns perfectly with the overall market sentiment, as the EMA20 and EMA50 are positioned above the current price, hinting at further downward momentum.
Do you agree that $EIGEN is due for a correction, or do you think the current momentum will prevail?
Click here to Trade 👇