$EIGEN /USDT BEARISH BREAKDOWN UNDERWAY 🚨📉 — STRONG REJECTION FROM RESISTANCE!

🔍 Technical Analysis Overview

$EIGEN /USDT is currently trading at $1.230 (-6.18%), showing clear signs of weakness after a rejection from the $1.315 level. Price is below the MA(99) at $1.261, confirming bearish momentum, while MA(7) and MA(25) are converging — hinting at a possible short-term continuation to the downside.

📊 Key Technical Levels

🔻 Resistance Levels:

$1.254 (minor intraday resistance)

$1.315 (24h high / major resistance)

🔻 Support Levels:

$1.192 (24h low & key support)

$1.150 (next major support zone)

🧭 Current Price: $1.230

📉 Trend Bias: Bearish (price below all major MAs and rejected off local highs)

🛠️ Trade Setup — SHORT Entry Idea:

Entry Zone: $1.230 - $1.240

Target 1 (TP1): $1.192

Target 2 (TP2): $1.150

Stop Loss (SL): $1.265 (above MA(99) and recent rejection zone)

📌 Confirmation: Wait for a 15m/1h candle close below $1.220 or a bearish engulfing candle near entry.

⚠️ Risk Management Reminder

Limit risk to 1–2% of your total capital. Use clear SL and avoid chasing trades. Patience + discipline = consistency 💼🧠

📉 Market pressure is strong — let the trend be your friend!

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