📊EDENUSDT 4H Market Update
• Trend: Bearish
• SMA (20): 0.053928
• Support: 0.04303
• Resistance: 0.08686
• Current Price: 0.04704
📈Strategy:
Price is trading below the 20 SMA, confirming the bearish trend, but it has entered the discount zone, which is favorable for long positioning. A bounce at support 0.04303 could trigger a counter-trend move toward the 20 SMA at 0.053928. The calculated entry is 0.04704 with stop loss at 0.048451 and take profit at 0.044923, offering a 1:1.5 risk/reward. Wait for confirmation before entering.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bearish
• SMA (20): 0.053928
• Support: 0.04303
• Resistance: 0.08686
• Current Price: 0.04704
📈Strategy:
Price is trading below the 20 SMA, confirming the bearish trend, but it has entered the discount zone, which is favorable for long positioning. A bounce at support 0.04303 could trigger a counter-trend move toward the 20 SMA at 0.053928. The calculated entry is 0.04704 with stop loss at 0.048451 and take profit at 0.044923, offering a 1:1.5 risk/reward. Wait for confirmation before entering.
#Crypto #Binance #$EDENUSDT
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇