$EIGEN /USDT Breakdown Alert — Bears Still in Full Control
$EIGEN /USDT is showing a clear bearish market structure on the daily chart, trading at $0.154 after a sharp rejection from the $0.239 swing high, with price now sitting right at the 24h low and down -6.67% on the day based on your chart. The structure reflects a strong BOS to the downside, repeated lower highs, and failed recovery candles, which signals weak bullish commitment and active seller dominance. Unless bulls reclaim the $0.159–$0.162 zone with volume, this looks like a classic pullback-to-drop setup that Binance traders should watch closely. Short Trade Setup: Entry Zone: $0.156–$0.160 | SL: $0.165 | TP1: $0.148 | TP2: $0.142 | TP3: $0.135. The key logic is simple: price is respecting bearish momentum, liquidity above recent minor candles remains unclaimed, and every bounce is being sold into. Follow for more clean Binance setups.
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