$EIGEN /USDT – Leverage Washout! Bulls Just Got Flushed
Long Liquidation: $2,496 at $1.42087
A sizable $2.5K in long positions just got liquidated at $1.420, a clear sign that overleveraged traders got caught as price dipped.
These kinds of liquidation spikes often act as a reset button—clearing out weak hands before a possible rebound.
📊 Potential Bounce Setup (If Support Holds):
Entry Zone: $1.405 – $1.425
TP1: $1.465
TP2: $1.510
TP3: $1.548
Stop Loss: $1.372
📍 Key Levels:
Liquidation Zone: $1.420
Support: $1.390
Resistance: $1.465
24H Range: $1.385 – $1.520
📈 Market Insight:
That liquidation wipeout around $1.42 could either be the bottom… or just the beginning of more pain.
If bulls step back in and reclaim $1.44+ with strong volume, expect a relief bounce. But if price can’t hold $1.39, it may break further.
💡 Pro Tip:
Keep your eye on volume and momentum.
A strong bounce candle near the liquidation zone is often the first sign that the bulls are fighting back. React, don’t guess.