$EDEN The rebound force is clearly not enough. The upper moving averages are pressing down as price moves, and in the short term it still feels like it needs to step down a bit more.
$EDEN - Blank
Quant reference:
Entry: 0.0512 - 0.0516
Stop loss (SL): 0.0535
Target 1 (TP1): 0.0500
Target 2 (TP2): 0.0485
Target 3 (TP3): 0.0460
Key assessment:
Price has just fallen back from the recent high to the area where the short-term moving averages are tangled, but trading volume has been steadily shrinking, and the rebound simply has no real strength. The area above has already formed resistance. As long as this level is not broken and reclaimed with increased volume, this weak market structure will most likely continue drifting toward the lower band to test the consolidation/absorption zone.
Execute according to the plan 👇
$EDEN - Blank
Quant reference:
Entry: 0.0512 - 0.0516
Stop loss (SL): 0.0535
Target 1 (TP1): 0.0500
Target 2 (TP2): 0.0485
Target 3 (TP3): 0.0460
Key assessment:
Price has just fallen back from the recent high to the area where the short-term moving averages are tangled, but trading volume has been steadily shrinking, and the rebound simply has no real strength. The area above has already formed resistance. As long as this level is not broken and reclaimed with increased volume, this weak market structure will most likely continue drifting toward the lower band to test the consolidation/absorption zone.
Execute according to the plan 👇