Massive Liquidation Alert: $28.319K Longs Wiped at $1.430 – What’s Next for $EIGEN ?
The bulls just took a heavy hit! A major long liquidation worth $28,319 has struck $EIGEN at the critical price point of $1.430. The market just flashed a serious warning sign, shaking weak hands and opening the door to an intense new opportunity.
Let’s break it down with a strategic trading plan:
Technical Analysis & Trade Setup for $EIGEN
Current Price Zone: Around $1.43 (post-liquidation shock zone)
Buy Zone (Accumulation Area):
$1.350 to $1.410
This is where strong hands will likely step in. Look for signs of volume recovery and bullish divergence before entering.
Target Levels (Short-Term to Mid-Term):
Target 1: $1.480 – First resistance zone post-liquidation
Target 2: $1.545 – Psychological level and key structure
Target 3: $1.620 – Breakout zone if momentum builds
Stop-Loss:
Below $1.325
If $EIGEN breaks below this, expect deeper downside. Risk control is key in post-liquidation zones.
Why This Matters
The liquidation shows panic or forced exits. Often, this precedes a price bounce, especially if whales were fishing for liquidity. However, don’t rush – wait for confirmation candles or signs of strength.
Pro Tip: Watch the 1H and 4H charts for reclaim of $1.430 with increasing volume. A close above this level could reignite the bullish push.
