🔻 $EIGEN /USDT – Short Pressure Mounting! 🚨

Current Price: $1.242 (+6.88%)

After a sharp spike toward $1.28, $EIGEN is showing signs of weakness. Price action is printing lower highs with strong rejection wicks near resistance — hinting at a bearish reversal brewing!

📊 Short Trade Setup:

• Entry Zone: $1.250 – $1.262

• Target 1 (TP1): $1.215

• Target 2 (TP2): $1.190 ✅

• Stop Loss (SL): $1.275

⚡ Technical View:

Bearish divergence on lower timeframes + rejection at key resistance. Sellers are stepping in around $1.26, confirming short-term exhaustion.

🛡 Risk Note:

SL break may invalidate the setup — use tight risk management and avoid overleveraging.

🔄 Strategy Breakdown:

This is a short scalp based on rejection at the $1.26 supply zone and breakdown signs below intraday trendlines. We're aiming to ride the correction toward support as bearish pressure increases.

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