$EIGEN /USDT SHORT
*Entry*: 0.1820 – 0.1835
*SL*: 0.1865
*TP1*: 0.1793
*TP2*: 0.1736
*TP3*: 0.1717
Logic:
1. *Double top rejection*: Wick to 0.1928 failed to break 0.1870 previous high = strong supply zone.
2. *Break of structure*: 3 consecutive red 1H candles after 0.1928 top = sellers took control, trend turning down.
3. *Momentum bearish*: MA(5) 2.49M < MA(10) 3.14M + current vol 364K dropping = buyers losing interest fast.
4. *Key supports*: 0.1793 minor level, 0.1736 24h low liquidity, 0.1717 demand base for full retrace.
Not financial advice.
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EIGENUSDT
Perp
0.1804
+0.89%
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