Eigen is known to trap. Keep tight stop loss. I am going long as this rockets once catches direction

$EIGEN /USDT SHORT TRADE SIGNAL 🔴

After a strong relief bounce, EIGEN/USDT is showing exhaustion near the $1.40 resistance zone, where multiple rejection wicks are visible on the 4H timeframe. The volume profile also suggests weakening buying pressure, increasing the probability of a short-term pullback toward key support areas.

Trade Setup:

Entry: $1.35 – $1.40

Target 1: $1.26

Target 2: $1.18

Target 3: $1.05

Stop Loss: $1.44

Key Resistance: $1.42 – $1.45

Key Support: $1.20 – $1.05


Market Outlook:
If EIGEN fails to reclaim the $1.42 resistance, bears could take control for a short-term correction. Maintaining positions below $1.35 will strengthen bearish momentum toward lower support levels. Watch for volume confirmation on breakdown below $1.25.

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