$EDEN /USDT (4H) - Strong Bounce After Deep Correction
EDEN made a massive parabolic move from 0.037 up to 0.088 before facing heavy selling pressure. Price has been correcting for over a week and is now showing signs of recovery with a strong bullish candle today.
Key Observations:
Sharp rejection at 0.088 with high volume (distribution)Price corrected deeply and found support near the 0.048 – 0.050 zoneToday’s strong green candle + volume spike suggests short-term buying interest returningPrice has reclaimed MA7 and MA25, showing early bullish momentum
Trade Setup:
Long Bias:
Entry Zone: 0.057 – 0.060
Stop Loss: 0.0525 (below recent swing low)
Take Profit 1: 0.066 – 0.068
Take Profit 2: 0.074 – 0.076
Take Profit 3: 0.085 – 0.088
Alternative (Aggressive Long):
Entry on pullback to 0.054 – 0.0555
SL: 0.0515
TP same as above
Note: This setup favors bulls in the short term due to today’s momentum. However, the higher timeframe structure remains corrective until price can sustain above 0.070.
NFA, DYOR.
$EDEN $BTC #EDENUSDT #OpenEden #CryptoTrading #TechnicalAnalysis #PriceAction #TradingSetup #Binance
EDEN made a massive parabolic move from 0.037 up to 0.088 before facing heavy selling pressure. Price has been correcting for over a week and is now showing signs of recovery with a strong bullish candle today.
Key Observations:
Sharp rejection at 0.088 with high volume (distribution)Price corrected deeply and found support near the 0.048 – 0.050 zoneToday’s strong green candle + volume spike suggests short-term buying interest returningPrice has reclaimed MA7 and MA25, showing early bullish momentum
Trade Setup:
Long Bias:
Entry Zone: 0.057 – 0.060
Stop Loss: 0.0525 (below recent swing low)
Take Profit 1: 0.066 – 0.068
Take Profit 2: 0.074 – 0.076
Take Profit 3: 0.085 – 0.088
Alternative (Aggressive Long):
Entry on pullback to 0.054 – 0.0555
SL: 0.0515
TP same as above
Note: This setup favors bulls in the short term due to today’s momentum. However, the higher timeframe structure remains corrective until price can sustain above 0.070.
NFA, DYOR.
$EDEN $BTC #EDENUSDT #OpenEden #CryptoTrading #TechnicalAnalysis #PriceAction #TradingSetup #Binance
