$EIGEN /USDT BEARISH BREAKDOWN 🔻 | SELL SETUP ACTIVE BELOW KEY SUPPORTS!
📉 Current Price: $1.223 (-0.97%)
📊 24h Range: $1.116 – $1.241
📆 7D Change: -24.18% | 30D: -9.61%
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🔍 Technical Outlook:
EIGEN is showing a bearish structure after failing to reclaim key resistance levels. Price action is forming lower highs, indicating seller dominance.
🔑 Key Levels:
Resistance: $1.240 💥 | $1.285 🔼
Support: $1.200 ⚠️ (crucial), then $1.116 🛑
If $1.200 breaks down, strong selling pressure may drag price back to previous lows.
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📉 SHORT TRADE SETUP:
Entry: Below $1.200
Target 1 (TP1): $1.150 🎯
Target 2 (TP2): $1.116 🚨
Stop Loss (SL): $1.245 🔒
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⚠️ Risk Management:
Risk only 1-2% of your capital. Use tight SL and avoid over-leveraging. Discipline is key! 📊🔐
🚫 Trade smart — let the chart talk, not emotions! 📉🧠
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