📉 $EIGEN Analysis: Bearish Signals Emerging
Here’s my detailed take on Eigen:
Recently, the price respected the upper resistance, and now it’s showing signs of turning bearish. Both the 4H and daily timeframes are presenting strong bearish signals. This sets up an excellent opportunity to plan your trades around a pullback.
Trade Setup & Targets:
📌 Pullback Opportunity: Watch for a retracement to key levels before entering short positions.
🎯 Targets: Refer to the chart for precise zones and profit-taking levels.
Pro Tip:
Stay disciplined with your stop-loss placement, as the market can always surprise you. Trade the setup, not the emotion!