I fumbled $EIGEN by treating the first bounce like a reversal.
It wasn’t. 😬
I chased strength, then watched it bleed back to $0.2346 while the 4h dropped 7.3%. RSI sits at 42, MAs are chopping, and volume is basically dead at 0.0x its 20d average. Shorts are even paying funding now.
At $0.23, I’m doing nothing unless price proves it can hold. $ETH looks cleaner than this mess right now. Painful, but deserved. 🫠
#EIGEN #Binance
It wasn’t. 😬
I chased strength, then watched it bleed back to $0.2346 while the 4h dropped 7.3%. RSI sits at 42, MAs are chopping, and volume is basically dead at 0.0x its 20d average. Shorts are even paying funding now.
At $0.23, I’m doing nothing unless price proves it can hold. $ETH looks cleaner than this mess right now. Painful, but deserved. 🫠
#EIGEN #Binance