$EIGEN Long Liquidation: Bulls Caught in the Crossfire!
A storm hit $EIGEN as $1.8232K worth of long positions were obliterated at the critical level of $4.00084. This sharp move highlights the brutal reality of leverage in a volatile market.
🔎 Breakdown of the Action:
Bearish dominance forced a key support level to give way, triggering liquidations.
Selling pressure snowballed, leaving longs exposed and liquidated.
📉 Critical Levels Ahead:
$3.85: Immediate support to watch—failure here could spark further sell-offs.
$4.20: Resistance bulls need to reclaim to stabilize the price.
🔥 What’s Next?
With momentum in the bears’ favor, will $EIGEN find a floor, or is there more pain to come? Stay vigilant, as recovery or capitulation could unfold swiftly. Remember, in chaos lies opportunity for the prepared! 📊