$EIGEN Short Liquidation Alert.

Massive Short Liquidation: $10,028 liquidated at the price of $4.060.

.What Happened.

Traders betting against were caught off guard as the price surged past the key resistance level, triggering a cascade of liquidations. This aggressive move left short positions wiped out and fueled further bullish momentum.

Key Takeaways:

1️⃣ Short Liquidation Volume: A significant $10.028K was liquidated, indicating heavy short interest at this price range.

2️⃣ Liquidation Price: $4.04972 — a crucial breakout zone where bears lost control.

3️⃣ Market Sentiment: The liquidation suggests a shift in market sentiment, with bulls gaining the upper hand.

Current $EIGEN Analysis:

Support Level: If prices stay above $4.04972, expect this to act as strong support.

Resistance to Watch: $4.20 – $4.50 as potential targets if momentum continues.

Buy Zone: $3.80 – $4.00 could be a retracement area for bullish entries.

Stop-Loss: Consider setting it below $3.70 to manage risk effectively.

Thrilling Insight:

Liquidation events like this often act as fuel for further price rallies. As bears cover their positions, bulls take charge, potentially driving $EIGEN to new highs.

Stay sharp, and watch the charts closely.

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