🔥 $EIGEN Under Selling Pressure — Bears Eyeing Lower Liquidity Zones 📉
$EIGEN /USDT is showing a weak short-term structure after rejection from the $0.2274 high, currently trading near $0.1926 with -3.51% daily pressure. The 1H chart reflects a bearish trend with lower highs, weak pullbacks, and continuous seller control, while price is testing a critical support zone around $0.1900–$0.1881. A small relief bounce toward the $0.1964–$0.2046 supply area could attract sellers again if buyers fail to reclaim momentum. If support breaks, further downside liquidity may be targeted.
🔴 Short Trade Setup:
Entry Zone: $0.1960 – $0.2040 (after rejection confirmation)
🎯 TP1: $0.1900
🎯 TP2: $0.1880
🎯 TP3: $0.1820
🛑 Stop Loss: Above $0.2128
Technical View: EIGEN is currently showing market structure weakness, supply rejection, and bearish momentum. Traders should wait for a clean rejection, volume confirmation, and avoid entering during uncertain consolidation. Smart money follows liquidity — patience creates better entries. 📊
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#eigen
$EIGEN /USDT is showing a weak short-term structure after rejection from the $0.2274 high, currently trading near $0.1926 with -3.51% daily pressure. The 1H chart reflects a bearish trend with lower highs, weak pullbacks, and continuous seller control, while price is testing a critical support zone around $0.1900–$0.1881. A small relief bounce toward the $0.1964–$0.2046 supply area could attract sellers again if buyers fail to reclaim momentum. If support breaks, further downside liquidity may be targeted.
🔴 Short Trade Setup:
Entry Zone: $0.1960 – $0.2040 (after rejection confirmation)
🎯 TP1: $0.1900
🎯 TP2: $0.1880
🎯 TP3: $0.1820
🛑 Stop Loss: Above $0.2128
Technical View: EIGEN is currently showing market structure weakness, supply rejection, and bearish momentum. Traders should wait for a clean rejection, volume confirmation, and avoid entering during uncertain consolidation. Smart money follows liquidity — patience creates better entries. 📊
Follow for more professional Binance Square technical breakdowns 🚀
#eigen
