$EIGEN /USDT on Binance hitting a tough spot at 0.1930 after a sharp -3.79% drop, trading well below the EMA8 (0.2020), EMA13 (0.1993), and EMA21 (0.1989). Price bounced from the recent low near 0.1693 but failed to hold momentum, forming a red candle pulling back from the 0.2382 resistance zone.

RSI(14) sits at ~45.89 (neutral-bearish, not oversold yet), while Stochastic shows K at 45.29, D at 56.31 – hinting at weakening upside pressure. Volume is declining on the pullback, with price hugging the lower EMA cluster.

This looks like a classic retest after a pump – now coiling for the next move. With support holding above 0.1889 and the broader downtrend from higher levels, I'm watching for a short opportunity if it cracks lower.

📉 SHORT Setup – EIGEN/USDT (Futures)

Entry: around current ~0.1930 or on rejection below 0.1980

Take Profit: 0.1780 – 0.1690 (first target near previous low)

Stop Loss: 0.2055 (above recent high & EMA cluster for protection)

Risk-reward looks solid ~1:2+ if it breaks down. DYOR, manage risk – crypto is wild!

$EIGEN showing signs of exhaustion after that volatility spike. Bears in control short-term?

Trade $EIGEN /USDT Now! Follow & turn 🔔 on ✅ for more setups!

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