$EIGEN: Bearish Continuation Pattern Confirmed on $EIGEN Chart Structure
SHORT SETUP EIGEN
Entry: $0.23650 - $0.23750
Stop Loss: $0.24530
Take Profit: $0.22040 (2R)
Key Levels: Support $0.22550 | Resistance $0.23810
Technical Analysis for $EIGEN: Short bias dominates as price sits at the upper Bollinger band and nears the 0.2381 resistance. The order book is bidheavy (30% imbalance) and shortterm EMAs sit below price, supporting a pullback today. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC up 0.63% on the 4hour chart while broader market shows 77.7% green, indicating overall positive sentiment.
SHORT $EIGEN
SHORT SETUP EIGEN
Entry: $0.23650 - $0.23750
Stop Loss: $0.24530
Take Profit: $0.22040 (2R)
Key Levels: Support $0.22550 | Resistance $0.23810
Technical Analysis for $EIGEN: Short bias dominates as price sits at the upper Bollinger band and nears the 0.2381 resistance. The order book is bidheavy (30% imbalance) and shortterm EMAs sit below price, supporting a pullback today. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure.
Market Context: BTC up 0.63% on the 4hour chart while broader market shows 77.7% green, indicating overall positive sentiment.
SHORT $EIGEN