## **⚠️ $EIGEN/USDT – Short Opportunity as Rally Fades!**
**📉 Price Action Breakdown:**
- **Rejection at $1.57**: Strong supply zone holds, forming a **lower high** on 30m.
- **Bearish Signal**: Engulfing candle + tapering volume suggest exhaustion.
- **Current Price**: **$1.511** (testing minor support).
**🎯 Trade Plan:**
- **Entry Zone**: **$1.510–1.530** (ideal for risk/reward).
- **Targets**:
- **TP1**: $1.470 (immediate liquidity pool)
- **TP2**: $1.430 (swing low support)
- **TP3**: $1.385 (breakdown extension)
- **Stop Loss**: **$1.545** (above recent high).
**🔍 Confirmation:**
- **Trigger**: Retest of **$1.53** with weak volume → high-probability short.
**⚡ Why This Works:**
- Failed breakout + lower high = classic reversal setup.
- Tight stop (2-3%) for scalpers; swing traders can trail profits below $1.47.
**📉 Key Levels:**
- **Support**: $1.470 → $1.430 → $1.385
- **Resistance**: $1.545 (SL) → $1.570 (invalidation).
**⚠️ Warning**: Altcoin volatility is high! Use 5-10% position size.
#EIGEN #ShortTrade #AltcoinAlert #CryptoTA
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### **Key Improvements:**
1. **Sharper Headline**: “Rally Fades” creates urgency.
2. **Visual Flow**: Bullets + bold text for quick scanning.
3. **Clear Logic**: Explains *why* the trade works (failed breakout + volume drop).
4. **Risk Focus**: Explicit warning on altcoin volatility.