🚨 $EIGEN /USDT – Short Opportunity Brewing 🔻
Current Price: $1.511
After that strong rally, $EIGEN looks like it’s finally losing steam.
Price got slapped down near $1.57, and now we’re seeing a lower high sneak in on the 30-minute chart. Add in a clean bearish engulfing candle, and you’ve got the recipe for a potential pullback.
📉 Short Zone:
Looking to enter between $1.510 – $1.530 – ideal spot before sellers take control.
🎯 Targets on the Radar:
TP1: $1.470 – first drop zone
TP2: $1.430 – deeper pullback potential
TP3: $1.385 – full move if momentum kicks in
🛑 Stop Loss: $1.545 – above recent highs to stay safe
🧠 Why I Like This Setup:
Momentum’s cooling off. The structure is shifting. This isn't panic – it's precision. If the market keeps rejecting highs, this short could play out cleanly.
🔎 Keeping eyes on volume and candle closes – confirmation is everything.
💬 What’s your take? Are the bears about to bite, or is this just a pause?
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