$EIGEN /USDT Breaking Down — High-Risk Zone, Short Setup in Focus
$EIGEN/USDT is showing a clear bearish market structure on the daily chart, trading near $0.152 after printing a 24h high of $0.154 and testing the $0.149 low, which signals heavy sell-side pressure and weak bullish response. The chart reflects a strong downward continuation, with sellers defending every bounce and price compressing near support — a classic sign that traders should watch for either a support breakdown or a sharp relief bounce trap. Short Trade Setup: Entry zone $0.1515–$0.1535, Stop Loss: $0.1560, TP1: $0.1490, TP2: $0.1450, TP3: $0.1400. If bulls reclaim $0.154 with strong volume, this bearish setup weakens, but until then, momentum remains in favor of sellers and Binance traders should keep this pair on radar for a possible breakdown extension move. Follow for more clean setups.