$EDEN /USDT – Long Setup (1-Hour Chart)
Key Levels
· Entry Zone: 0.0615 – 0.0630
(Ideal entries on a retest of the breakout area or during shallow pullbacks within this range.)
· Stop Loss: 0.0588
(Placed just below the last higher low and breakout support to protect against a false breakout.)
· Take Profit Targets:
TP1: 0.0660 (near-term resistance)
TP2: 0.0700 (swing high extension)
TP3: 0.0750 (momentum projection zone)
Market Outlook
The structure has turned bullish following a confirmed reversal. Price broke decisively above the recent consolidation zone and is now establishing a clear sequence of higher highs and higher lows, signaling continued upward momentum.
Trade Rationale
A strong impulsive candle broke the consolidation, followed by a shallow retracement holding above the breakout zone. This suggests buyers are in control and momentum is likely to resume toward higher time frame resistances.
Key Watch
· Holding above 0.0615 keeps the structure intact.
· A break back below 0.0588 would invalidate the bullish structure.
Trade here👇
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