$EIGEN /USDT – Short Trade Entry Opportunity
EIGEN is showing weakness on the 15-minute chart after a lower high formation and consecutive bearish candles. Price is struggling to hold above $1.18, signaling potential downside ahead.
Entry Price: 1.176
Target 1: 1.162
Target 2: 1.148
Target 3: 1.127
Stop Loss: 1.190
Risk Management:
This trade setup offers a clean lower high rejection. Risk per trade should be limited to 1-2% of your total capital. Adjust position size accordingly and respect stop-loss to avoid emotional exits.
Pro Tip for Followers:
If the price breaks below the recent 1.170 support with volume, expect accelerated movement toward the lower targets. Monitor closely for early signs of reversal after Target 2.
