### **$EIGEN/USDT – Short Trade Breakdown** 📉🔥
#### **🔹 Trade Setup Summary**
- **Entry Zone:** **$1.158 – $1.175** *(ideal short area on retest or breakdown confirmation)*
- **Take-Profit Targets:**
- **TP1:** **$1.130** *(immediate support)*
- **TP2:** **$1.105** *(next liquidity zone)*
- **TP3:** **$1.080** *(stronger downside target if momentum accelerates)*
- **Stop Loss:** **$1.195** *(above recent swing high, invalidation level)*
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### **🔹 Key Confirmation Signals ✅**
1. **Break & Close Below $1.15** – Confirms bearish continuation.
2. **Lower Highs (LH) Structure** – Shows weakening demand.
3. **Increasing Volume on Downside Moves** – Strengthens the bearish case.
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### **🔹 Execution Strategy ⚡**
#### **Aggressive Entry:**
- Short near **$1.17–$1.175** if price shows rejection (wicked candles, low-volume bounce).
- **Risk:** Higher chance of a retest before drop.
#### **Conservative Entry:**
- Wait for a **30M/1H candle close below $1.15** before entering.
- **Risk:** May miss early entry but safer confirmation.
#### **Profit Booking:**
- **Take 50% at TP1**, move SL to breakeven.
- Let the rest ride to **TP2 & TP3** if momentum persists.
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### **🔹 Invalidation & Risks ⚠️**
- **If $EIGEN reclaims $1.195**, the bearish structure breaks, and a move toward **$1.23+** becomes possible.
- **Watch for fake breakdowns** – If price dips below $1.15 but quickly recovers, sellers may lose control.
### **🔹 Additional Confirmation Tools (Optional)**
- **RSI (30M/1H):** If below **50 and trending down**, supports bearish momentum.
- **Order Book Analysis:** Check for large sell orders near **$1.17–$1.18** for extra confirmation.
- **Higher Timeframe (4H/Daily):** If aligned with downtrend, increases short validity.