$EIGEN /USDT short trade signal 🚦 🛑
BEARISH PULLBACK IN MOTION – SHORT-TERM CORRECTION AHEAD!
After rallying strongly from $1.167 to a peak of $1.513, $EIGEN/USDT is showing signs of a bearish retracement. The price has dropped to $1.329 after several red candles on the 1H timeframe, suggesting a cooling off from overbought conditions. Momentum is fading near resistance, opening the door for short opportunities.
Trade Setup (Short):
Entry: $1.330 – $1.345
Take Profit: $1.260 / $1.215
Stop Loss: $1.385
Market Outlook:
Bearish sentiment is building as buyers take profit near the highs. If $1.30 support breaks, further downside is likely. Keep risk tight and monitor key levels.
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