🚨
$EIGEN USDT — Rejection at High, Momentum Weakening 📉
After a strong push upward, EIGEN is now facing rejection near highs and showing early signs of a pullback ⚠️
$EIGEN 💡 What’s happening?
• Strong bullish move → followed by rejection near 0.203 📊
• Consecutive red candles → sellers stepping in 🔻
• Losing short-term momentum → weakening structure
• Price still above MA(25), but pressure building
⚡ Key Levels:
🔹 Resistance: 0.200 – 0.203 (rejection zone)
🔹 Support: 0.190 – 0.183 (key demand area)
📊 Market Insight:
This looks like a short-term top formation after a quick rally.
If support breaks, a deeper correction can follow.
🧠 Trade Setup (Short Idea):
• Entry: 0.196 – 0.200
• TP1: 0.190
• TP2: 0.185
• TP3: 0.178 📉
• SL: 0.205
🔥 Conclusion:
Bias = short-term bearish pullback 📉
Momentum fading, sellers gaining control ⚠️
$EIGEN #EIGEN #binanceWrite2Earn #BitcoinPriceTrends h
#CryptoMarketRebounds #USDCFreezeDebate