$EDEN 0.0585 Didn’t hold on. The afternoon squeeze that looked like it was happening has already evolved into a clear-play bait-and-bulk (luring longs).
Price slid lower in a steady downtrend from the 0.0630 high, breaking down to 0.0553. On the 15m chart, volume collapsed—from around 500k in a single candle to just 30k. The funding rate discount quickly narrowed, and the “bulldozer” momentum has completely run out.
Now the battle between longs and shorts isn’t about whether they can still break the previous high—it’s about when the long positions that chased above 0.060 in the afternoon will be forced to hand back their chips.
Watch the 0.0585 resistance level closely. If the rebound fails to reclaim it, that’s the classic “attack but don’t defend” distribution move. If price breaks below 0.0540, short-term liquidity support will be fully lost.
For those who chased above 0.060 this afternoon to catch the falling knife—has your stop-loss line been hit? Drop your status in the comments.
#暗影萨满 #EDEN
Price slid lower in a steady downtrend from the 0.0630 high, breaking down to 0.0553. On the 15m chart, volume collapsed—from around 500k in a single candle to just 30k. The funding rate discount quickly narrowed, and the “bulldozer” momentum has completely run out.
Now the battle between longs and shorts isn’t about whether they can still break the previous high—it’s about when the long positions that chased above 0.060 in the afternoon will be forced to hand back their chips.
Watch the 0.0585 resistance level closely. If the rebound fails to reclaim it, that’s the classic “attack but don’t defend” distribution move. If price breaks below 0.0540, short-term liquidity support will be fully lost.
For those who chased above 0.060 this afternoon to catch the falling knife—has your stop-loss line been hit? Drop your status in the comments.
#暗影萨满 #EDEN