$EIGEN /USDT Short Trade Opportunity
Current Price: $2.920
Entry Range: $2.870–$2.920
Target Levels:
TP1: $2.800
TP2: $2.700
TP3: $2.600
Stop Loss: $3.000
Risk-Reward Ratio: Approximately 1:3
Technical Outlook:
The price is struggling to maintain levels above $2.920, facing consistent resistance.
Bearish divergence is visible on the RSI, signaling weakening bullish momentum.
The MACD shows signs of flattening, which may indicate a potential shift in trend.
A confirmed break below $2.870 could present a strong shorting opportunity, aiming for support levels at $2.800 and beyond.
Tip: Look for a breakdown accompanied by higher trading volume to validate the move. If the price rallies past $3.000, consider tightening your stop loss or exiting the trade.
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