$EIGEN Short Liquidation Alert!
A significant short liquidation just occurred for $EIGEN totaling $3.8515K at a price of $3.64656. The volatility is in full swing, and this could mark the beginning of a new trend.
📉 What Happened? A sudden price swing triggered the liquidation, sending shockwaves through the market. Shorts trapped at this level are now feeling the heat, potentially leading to more forced liquidations if the price continues its upward momentum.
⚡ Market Reaction With these strong liquidations, there's a chance the price could surge as long as the momentum holds. This is a critical zone for both buyers and sellers. Keep a close watch as $EIGEN could be gearing up for a volatile ride.
🔮 Price Targets
Immediate Resistance: $3.75
Breakout Potential: $4.00
Downside Risk: If the price falls below $3.60, we may see a retest of lower levels.
⏳ Risk Management If you’re looking to enter, don’t forget to keep your risk managed! Stay alert to avoid getting caught in another liquidation. The market is still highly unpredictable.
Time to make your move? Get ready for more action!