🚨 $EDEN | PULLBACK SETUP 🟢
After the correction from the last high, price $EDEN is heading to test the lower ascending trendline and the moving averages on the 30 timeframe in search of a new positive rebound, with price still remaining in the bullish zone.
🟢 Retest Zone: $0.06100– $0.06214$ (near the lower ascending trendline)
🎯 Targets:
TP1: $0.06738$
TP2: $0.07015$
TP3: $0.07282$
TP4 (wave completion): $0.07800$
🛑 Invalidation (Stop Loss): $0.05858$ (breaking the lower ascending trendline and closing below it)
📌 Scenario: We wait for further corrective pullback to test a touch of the lower ascending trendline between $0.06100– $0.06350$ and confirm the rebound, followed by a gradual rise that breaks the correction levels to reach the consecutive targeted objectives.
⚠️ Note: The momentum indicator is currently declining, so the advantage of the trade lies in not buying directly and waiting until the lower support trendline is retested and the rebound is confirmed.
After the correction from the last high, price $EDEN is heading to test the lower ascending trendline and the moving averages on the 30 timeframe in search of a new positive rebound, with price still remaining in the bullish zone.
🟢 Retest Zone: $0.06100– $0.06214$ (near the lower ascending trendline)
🎯 Targets:
TP1: $0.06738$
TP2: $0.07015$
TP3: $0.07282$
TP4 (wave completion): $0.07800$
🛑 Invalidation (Stop Loss): $0.05858$ (breaking the lower ascending trendline and closing below it)
📌 Scenario: We wait for further corrective pullback to test a touch of the lower ascending trendline between $0.06100– $0.06350$ and confirm the rebound, followed by a gradual rise that breaks the correction levels to reach the consecutive targeted objectives.
⚠️ Note: The momentum indicator is currently declining, so the advantage of the trade lies in not buying directly and waiting until the lower support trendline is retested and the rebound is confirmed.
