$EIGEN USDT short trade signal 🛑 🚦

BEARISH REJECTION AFTER SHARP SPIKE — SHORT TRADE IN PLAY 🔻🔥

$EIGENUSDT faced an immediate rejection after a strong vertical push, forming a potential bull trap. Price spiked into resistance near 1.426 and quickly pulled back, signaling exhaustion in bullish momentum. A short setup emerges as sellers reclaim control near the top of the range.

🔴 Short Trade Setup:

Entry: 1.421

Stop-loss: 1.452

Take-Profit: 1.349

Leverage: 10x

Risk Margin: 2–3% of wallet

📉 Market Outlook:

While the 15M chart showed an explosive move up, the quick rejection and wick at resistance hint at distribution. If price fails to reclaim 1.426, we may see a retracement to lower support levels as momentum shifts bearish.

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