Most traders are eyeing $EDEN /USDT for a bounce, but the chart is telling a different story.
đ $EDEN
SHORT Setup
đŻ Entry Zone: 0.045473 â 0.045885
đ Stop Loss: 0.047655
đ° Targets:
âą TP1: 0.044197
âą TP2: 0.043209
âą TP3: 0.041727
â ïž Why I'm leaning bearish:
âą The higher-timeframe trend remains firmly bearish, and current price action looks more like distribution than accumulation.
âą RSI is sitting in neutral territory, showing weak buying pressure and no clear reversal signal.
âą Price is approaching a key rejection area where sellers have repeatedly stepped in.
âą Volatility is tightening, and compressed ranges often lead to sharp directional moves.
If sellers stay in control, a move toward the lower targets could happen quickly.
Always manage risk and never trade without a stop loss.
#EDEN #CryptoTrading #Altcoins #TradingSignals #Binance #USDT
đ $EDEN
SHORT Setup
đŻ Entry Zone: 0.045473 â 0.045885
đ Stop Loss: 0.047655
đ° Targets:
âą TP1: 0.044197
âą TP2: 0.043209
âą TP3: 0.041727
â ïž Why I'm leaning bearish:
âą The higher-timeframe trend remains firmly bearish, and current price action looks more like distribution than accumulation.
âą RSI is sitting in neutral territory, showing weak buying pressure and no clear reversal signal.
âą Price is approaching a key rejection area where sellers have repeatedly stepped in.
âą Volatility is tightening, and compressed ranges often lead to sharp directional moves.
If sellers stay in control, a move toward the lower targets could happen quickly.
Always manage risk and never trade without a stop loss.
#EDEN #CryptoTrading #Altcoins #TradingSignals #Binance #USDT