$EIGEN has just experienced a significant long liquidation of $59.1K at $2.510, signaling a sharp pullback and a shift in market sentiment.
This liquidation event highlights the pressure on long positions as EIGEN faces downward momentum.
As $EIGEN navigates through this correction, further volatility could follow, potentially triggering more liquidations and amplifying the selling pressure.
EIGEN is under strain in the short term, and traders should remain vigilant while monitoring for signs of a potential reversal or continued weakness.
Keep a close watch on $EIGEN as it reacts to this market shift.