$EIGEN USDT – BEARISH REVERSAL CONFIRMED, MORE DOWNSIDE POSSIBLE

FAILED TO HOLD ABOVE $1.463 AVG LEVEL

LOWER HIGHS & STRONG SELLING PRESSURE DOMINATE

$EIGEN has reversed sharply after hitting $1.640, with a steady decline on the 4H chart. The price is now trading below the average level of $1.463, forming clear lower highs and lower lows — a textbook bearish trend development.

The breakdown below $1.48 opens room toward deeper support zones near $1.40 and possibly $1.32. Sellers remain in control unless a strong bullish engulfing reclaims the $1.48–$1.50 zone.

Short Setup:

Entry: $1.455–$1.465

TP1: $1.400

TP2: $1.325

Stop Loss: $1.495

Structure is weak — ideal setup for trend-following short traders.

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