$EDEN is down 28.9% in 24 hours, trading 0.0595 on $24M volume. The candle has bounced hard from the 0.0523 24h low, now sitting between the EMA20 at 0.0601 and EMA50 at 0.0578.
Today's volume is almost 3x average, but the rebound from the daily low suggests dip buyers are stepping in. The move looks like profit-taking after the 7-day run to 0.0869. I'd watch for price to hold above the EMA50; a sustained break below 0.0578 would confirm continuation down.
Would you buy the dip on $EDEN today?
$EDEN
Today's volume is almost 3x average, but the rebound from the daily low suggests dip buyers are stepping in. The move looks like profit-taking after the 7-day run to 0.0869. I'd watch for price to hold above the EMA50; a sustained break below 0.0578 would confirm continuation down.
Would you buy the dip on $EDEN today?
$EDEN