🔴 $EIGEN /USDT – Bearish Momentum Setup | Breakdown Below Key Support ⚠️
$EIGEN is showing strong bearish structure on the 1H timeframe after facing continuous rejection from higher resistance zones. The price has formed a sequence of lower highs and lower lows, confirming seller dominance. After dropping from the $0.2288 peak, EIGEN is now testing the critical $0.1886 support zone, where liquidity is building. A small pullback toward the supply area may provide a better short opportunity if sellers defend the level.
📉 Short Trade Setup:
🔻 Entry Zone: $0.1950 – $0.1980 (after bearish rejection)
🎯 Take Profit Levels:
• TP1: $0.1886
• TP2: $0.1820
• TP3: $0.1750
🛑 Stop Loss: $0.2045
Technical Analysis:
EIGEN is currently trading around $0.1925, down -3.89%, with 24H high at $0.2043 and low at $0.1886. The chart shows a clear bearish BOS (Break of Structure) with sellers controlling every recovery attempt. Watch for a liquidity sweep + rejection from supply before entering. If bulls fail to reclaim $0.1980–$0.2040, downside continuation toward lower demand zones remains possible.
⚠️ Execute only with confirmation and proper risk management.
#eigen
$EIGEN is showing strong bearish structure on the 1H timeframe after facing continuous rejection from higher resistance zones. The price has formed a sequence of lower highs and lower lows, confirming seller dominance. After dropping from the $0.2288 peak, EIGEN is now testing the critical $0.1886 support zone, where liquidity is building. A small pullback toward the supply area may provide a better short opportunity if sellers defend the level.
📉 Short Trade Setup:
🔻 Entry Zone: $0.1950 – $0.1980 (after bearish rejection)
🎯 Take Profit Levels:
• TP1: $0.1886
• TP2: $0.1820
• TP3: $0.1750
🛑 Stop Loss: $0.2045
Technical Analysis:
EIGEN is currently trading around $0.1925, down -3.89%, with 24H high at $0.2043 and low at $0.1886. The chart shows a clear bearish BOS (Break of Structure) with sellers controlling every recovery attempt. Watch for a liquidity sweep + rejection from supply before entering. If bulls fail to reclaim $0.1980–$0.2040, downside continuation toward lower demand zones remains possible.
⚠️ Execute only with confirmation and proper risk management.
#eigen
