$EDEN | 1H BULLISH SETUP đ
$EDEN is showing signs of a potential bullish continuation on the 1H timeframe, with price building higher lows and compressing beneath the 0.045 resistance area.
Iâm watching the 0.0439â0.0450 zone for a long entry.
đŻ Targets:
âą 0.0515
âą 0.0530
âą 0.0550
âą 0.0600
đ Invalidation / SL: 0.0400
The key catalyst Iâm watching is OBV. It appears to be positioning for a breakout, which could signal increasing buying pressure if confirmed alongside a move above resistance.
A clean breakout and hold above 0.045 would strengthen the bullish thesis, while losing 0.040 invalidates the setup.
Looking for a patient swing trade rather than chasing the breakout. đđ„
NFA â manage risk accordingly.
$EDEN is showing signs of a potential bullish continuation on the 1H timeframe, with price building higher lows and compressing beneath the 0.045 resistance area.
Iâm watching the 0.0439â0.0450 zone for a long entry.
đŻ Targets:
âą 0.0515
âą 0.0530
âą 0.0550
âą 0.0600
đ Invalidation / SL: 0.0400
The key catalyst Iâm watching is OBV. It appears to be positioning for a breakout, which could signal increasing buying pressure if confirmed alongside a move above resistance.
A clean breakout and hold above 0.045 would strengthen the bullish thesis, while losing 0.040 invalidates the setup.
Looking for a patient swing trade rather than chasing the breakout. đđ„
NFA â manage risk accordingly.