$EIGEN /USDT ‌

Current price is showing strong bearish activity with a change of -13.72% in the last 24 hours. After a sharp sell-off from the 0.57 area, price has entered weak consolidation near local lows. On the 1H timeframe, continuous bearish candles and lower highs clearly suggest sellers are still in control and momentum remains heavy to the downside.

Market structure is still bearish, and unless buyers reclaim key resistance with strong volume, further downside looks more likely than an immediate reversal.

Trade Setup (Short Bias)

• Entry Zone: 0.520 – 0.528
• Target 1 🎯: 0.505
• Target 2 🎯: 0.488
• Target 3 🎯: 0.462
• Stop Loss: 0.545

Key Outlook

Price is struggling to hold above 0.51 support

Weak bounce attempts show lack of buyer strength

Any rejection from the entry zone may trigger another leg down

If 0.50 breaks, acceleration toward lower targets is highly possible

Invalidation:
If price breaks and holds above 0.545 with strong volume, bearish setup fails and we could see a short-term relief rally.

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