📢 $EIGEN / USDT | 🔴 SHORT | ⭐ 74%
🎯 Target: $0.19008692. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.1931
🛑 Stop Loss: $0.194774
🏁 TP1: $0.190087
🏁 TP2: $0.188413
🏁 TP3: $0.186404
📈 Analysis:
The market structure shows a clear bearish trend across multiple timeframes, confirmed by breaks of previous levels. Selling pressure is supported by a significant increase in trading volume, indicating renewed interest in this move. With a pattern of lower highs and lower lows, sellers remain in control of the price in the short term.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A bearish break of structure (BOS) occurs when the price breaks a previous support level, confirming that the downtrend is continuing with strength.
#crypto #EIGEN #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions carefully.
🎯 Target: $0.19008692. Will it reach it?
🎯 Trading levels:
🔴 Entry: $0.1931
🛑 Stop Loss: $0.194774
🏁 TP1: $0.190087
🏁 TP2: $0.188413
🏁 TP3: $0.186404
📈 Analysis:
The market structure shows a clear bearish trend across multiple timeframes, confirmed by breaks of previous levels. Selling pressure is supported by a significant increase in trading volume, indicating renewed interest in this move. With a pattern of lower highs and lower lows, sellers remain in control of the price in the short term.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A bearish break of structure (BOS) occurs when the price breaks a previous support level, confirming that the downtrend is continuing with strength.
#crypto #EIGEN #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make decisions carefully.
