$EIGEN /USDT Rebound Trap or Real Recovery? 4H Bulls Testing a Key Reaction Zone
EIGEN/USDT is showing a fragile 4H recovery attempt after printing a sharp selloff from the 0.2097 swing high and stabilizing near the 0.1711–0.1691 demand pocket, where buyers have started to react. Price is now trading around 0.1750, but the structure still remains bearish-to-neutral unless bulls reclaim nearby intraday supply with conviction. This current bounce looks like an early relief move after a liquidity sweep, and traders should watch whether price can build momentum above the 0.1796 resistance/24h high for a possible short-term BOS confirmation. If that reclaim happens with strength, upside continuation can expand quickly; otherwise, this rebound may turn into a classic dead-cat bounce and rotate back toward the lower support band. The smart play here is patience—let price confirm whether this is a true reversal or just a temporary pullback inside a broader bearish structure.
Entry: 0.1745 – 0.1765
Stop Loss: 0.1685
Take Profit 1: 0.1796
Take Profit 2: 0.1840
Take Profit 3: 0.1900
Watch the 0.1796 breakout closely—that is the trigger zone traders should respect before committing heavier size.
