$EIGEN /USDT – Bearish Pullback Warning

Current Price: $1.295 (+6.58%)

support intact)

⚠️ Analysis:

Price recently touched resistance zone around $1.36 but got rejected. It is now trading below the 25MA, which suggests buyers are losing strength. Volume is also fading compared to earlier momentum spikes. If it fails to reclaim above $1.32–$1.33 soon, a drop toward $1.20 is likely.

📤 Short Entry Zone: $1.29 – $1.32

🎯 Target 1: $1.23

🎯 Target 2: $1.18

🎯 Final Target: $1.12

🛑 Stop Loss: $1.34 (above rejection wick)

ProTip: Watch for rejection candles or bearish engulfing patterns near $1.30–$1.32 on the 1H chart. Breakdown confirmation = strong short.

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