EIGEN is poised for a short with 91% confidence, boasting a 1:1.7 risk to reward ratio. Current market conditions indicate a prime setup for a downward move.

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🔴 EIGEN SHORT 📉
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📍 Entry Range: $0.206393 – $0.206807
🛑 Stop Loss: $0.212798 (-3.0%)
🎯 TP1: $0.203501 (+1.5%)
🏆 TP2: $0.196270 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The CHoCH signal has fired, indicating a break in market structure, while CVD confirms the direction with volume. Additionally, the presence of an FVG and OB suggests a strong confluence of factors, with the POI overlap further reinforcing this short setup. This confluence of signals paints a compelling picture for a short trade.

A 3.0% stop loss seems relatively tight, suggesting the use of moderate leverage to maximize potential gains while minimizing exposure.

Consider taking partial profits at the first target to lock in some gains and adjust the stop loss to break even, allowing the remaining position to ride out the potential for further downside movement.

Not financial advice — always manage your own risk 🙏

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