Short Opportunity
#EIGEN This one is struggling to hold, and I think the downside is still open.
The drop from 0.2420 to 0.2008 was brutal, and the recovery is looking weak.
๐ Short
$EIGEN Entry: 0.2060โ0.2075
SL: 0.2100
TP1: 0.2040
TP2: 0.2020
TP3: 0.2000
The price has been in a steady decline from 0.2420, and now it's sitting at 0.2069 with weak recovery attempts. The selling pressure is consistent โ every bounce gets sold off quickly, and the volume on the downside is heavy. The 24h low at 0.2008 is already getting tested, and I think we're headed even lower. The rejection from the upper levels is clean, and the momentum is clearly bearish.
Watch 0.2040 โ if that breaks, we could see a quick drop toward 0.2020 and 0.2000. A move back above 0.2100 would be a concern, but as long as sellers stay in control, I'm comfortable riding this down.
$DEXE $BANK