$EIGEN Traders Rattled: Short Liquidation Sparks Momentum Shift
A sharp $2.6K short liquidation at $1.202 has shaken the bears and flipped sentiment on $EIGEN . The pressure cooker has burst — a key level just cracked, and bulls might now be ready to stampede.
Current Price Reaction:
The liquidation point at $1.202 acted as a trigger, fueling a wave of buybacks. Momentum is shifting fast — and price action is hinting at a trend reversal or short-term squeeze.
Analysis Zone:
Accumulation Support: $1.140 – $1.185
Breakout Trigger: $1.210
Critical Resistance: $1.260
Target Levels:
Target 1: $1.278 (recent supply zone)
Target 2: $1.330 (liquidity gap fill)
Target 3: $1.390 (macro structure reclaim)
Stop-Loss:
Below $1.135 (Invalidation of recovery structure and breakdown of support range)
This is no ordinary bounce — this move could become the foundation for a much larger breakout if momentum sustains. Watch volume, track price above $1.210, and ride the shift while the bears scramble to cover.