$EIGEN Long Liquidation: $8.0226K at $3.56734
A significant long liquidation of $8.0226K occurred at $3.56734, suggesting potential downside momentum for $EIGEN.
Entry: $3.56734
The liquidation point at $3.56734 is an optimal level for initiating short positions as $EIGEN could experience further selling pressure.
Target: $3.300
The next support level for $EIGEN is around $3.300, providing a potential 7-8% downside from the entry point.
Stop Loss: $3.700
Set a stop loss at $3.700 to protect against risk in case of an unexpected bullish reversal.
Analysis:
The $8.0226K long liquidation at $3.56734 signals bearish sentiment for $EIGEN. Target $3.300 while safeguarding your position with a stop loss at $3.700.