$EDEN : the latest sales surge happened at a time when the price was already below the VWAP (below it at the moment as well).
With these conditions, you usually either expect a bounce up toward resistance around the VWAP or a breakout followed by a return to it for a retest.
But for now, the current picture looks more like a correction within a downtrend channel—without signs of exhaustion.
LONG only in the 0.05255–0.05291 zone; invalidation at 0.05059
TP1 0.05607 · TP2 0.05796 · TP3 0.06
With these conditions, you usually either expect a bounce up toward resistance around the VWAP or a breakout followed by a return to it for a retest.
But for now, the current picture looks more like a correction within a downtrend channel—without signs of exhaustion.
LONG only in the 0.05255–0.05291 zone; invalidation at 0.05059
TP1 0.05607 · TP2 0.05796 · TP3 0.06