$EIGEN Short Liquidation Alert
💥 Short Taken: $10.579K @ $0.40384 — Bears are hunting downside! 📉🔥
📌 Current Price: ~$1.45 📊 (EIGEN showing volatility but below much higher prior liquidity)
📉 MARKET INSIGHTS (BEARISH BIAS)
• Resistance Above: ~$1.60–$1.70 — strong zone for short pressure 💀
• Support Levels Below:
🛑 $1.10–$1.03 — first major support test 🎯
🛑 $0.87 — deep bearish trigger support 💥
📊 Sentiment: Mixed overall, but recent technicals point to bearish momentum building as price tests critical floors amid market weakness.
📌 SHORT TARGETS & NEXT MOVE
🚀 Targets on Breakdown:
➡ Target #1: $1.10–$1.03 — first key zone 📉
➡ Target #2: $0.87 — deeper bearish move 📉
➡ Target #3: Below $0.75 — extended capitulation scenario if supports fail ➖ watch price action closely
⚠ Stop‑Loss: Above $1.67–$1.70 — invalidates short bias on strong breakout 📈
📌 NEXT MOVE WATCHLIST
✔ Bear continues if price rejects $1.60–$1.70
✔ Breakdown through $1.10 confirms momentum 📉
✔ Failure at support could trigger relief bounce — manage risk!
📍 TRADE PLAN (SHORT FOCUS)
👉 Entry: near resistance ~$1.60–$1.70
🛑 Stop: above ~$1.70
🎯 Targets: $1.10 → $1.03 → $0.87+
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