$EIGEN in bear trap setup, time to short the range.
If EIGEN breaks below the near support at 0.1940, it's likely to head down to the 200MA, providing a 30% potential profit opportunity.
Bearish trend and weak momentum.
Rising volume, potentially setting up a false breakout.
Key levels at near support and near resistance.
A daily close above 0.3159 invalidates this short setup.
Are you shorting the bear trap on $EIGEN?
#MarketAnalysis
If EIGEN breaks below the near support at 0.1940, it's likely to head down to the 200MA, providing a 30% potential profit opportunity.
Bearish trend and weak momentum.
Rising volume, potentially setting up a false breakout.
Key levels at near support and near resistance.
A daily close above 0.3159 invalidates this short setup.
Are you shorting the bear trap on $EIGEN?
#MarketAnalysis