📉 $EIGEN

/TRY BEARISH SETUP – REJECTION NEAR RESISTANCE ZONE

$EIGEN/TRY is trading at 43.67 TRY ($1.09, up +1.18%) after facing selling pressure below 44.95, the daily high. Price is showing early signs of a lower high, and both MA(5) and MA(10) are beginning to flatten. This suggests momentum may be fading, and a breakdown could be imminent if support at 42.99 gives way.

🔑 Key Levels

Resistance: 44.84 – 46.37

Support: 42.99 (immediate), then 42.56

Current Price: 43.67 TRY

📊 Trade Setup (Short):

Entry Zone: 43.60 – 44.20

Take Profit 1: 42.99

Take Profit 2: 42.56

Stop Loss: 45.80

💡 Short Market Outlook:

EIGEN is starting to lose upside strength near major resistance at ~45–46 TRY. The lower volume during the most recent uptick and flattening moving averages hint at a potential reversal. If 42.99 breaks down with bearish volume, a move to 42.56 becomes likely.

⚠️ Risk Management:

Keep risk per trade within 2–3% of portfolio

Place stop-loss above 45.80 to avoid whipsaw

Confirm breakdown with a candle close below 42.99 + increasing sell volume

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