$EDEN 📉 After surging 80%+ in the short term, early whale entries are sitting on massive paper profits. The long/short account ratio has dropped to 1.19 — shorts are stacking at low levels while longs look to take profits. Add in mid-month token unlock pressure, and the overhead supply is real.
Momentum has cooled since the morning high, and buying power is fading. If price keeps failing at the intraday high, crowded longs could trigger a stampede.
Plan: No aggressive chasing at spot. Wait for a clear stalling signal — repeated rejection near the day high with shrinking volume — then consider a short targeting a pullback to prior support.
#ethereumfoundationdropsposeidonforl1 #SolanaAnzaUnveilsAgave4.3ReleasePlan #USJulyCPI&PPIDueThisWeek #USJulyPPIFlat #SpaceXShortInterestFallsTo11%
Momentum has cooled since the morning high, and buying power is fading. If price keeps failing at the intraday high, crowded longs could trigger a stampede.
Plan: No aggressive chasing at spot. Wait for a clear stalling signal — repeated rejection near the day high with shrinking volume — then consider a short targeting a pullback to prior support.
#ethereumfoundationdropsposeidonforl1 #SolanaAnzaUnveilsAgave4.3ReleasePlan #USJulyCPI&PPIDueThisWeek #USJulyPPIFlat #SpaceXShortInterestFallsTo11%