🛑$EDEN
EDEN
0.0809
-3.23%
BEARISH PRESSURE FORMING – SUPPORTS UNDER TEST
The $EDEN chart shows early signs of a bearish reversal after failing to sustain above the 0.0872 resistance level. Price is consolidating near 0.0818 while forming lower highs, indicating potential selling pressure. RSI is trending downward and MACD reflects weakening bullish momentum, suggesting a likely pullback toward key support levels.
Trade Plan:
Entry: On a breakdown below 0.0818
Target 1 (TP1): 0.0800
Target 2 (TP2): 0.0750
Stop Loss (SL): 0.0872
Risk Management: Limit risk to 1–2% per trade. Use proper position sizing and only enter after bearish confirmation.