$EDEN USDT BEARISH REVERSAL SETUP: SHORT ENTRY AS MOMENTUM FADES
$EDEN USDT has failed to sustain its recent peak near 0.1806, forming a lower high and showing signs of exhaustion. The 15-minute chart reveals declining volume, bearish divergence on MACD, and a breakdown below key moving averages. Bollinger Bands are widening post-drop, suggesting increased volatility and downside risk.
TRADE SETUP: SHORT ENTRY
- Entry Zone: On breakdown candle close or retest of failed support
- Stop Loss (SL): Above recent swing high or breakdown origin
- Take Profit (TP):
- TP1: Support zone near 0.1566
- TP2: Mid-range target aligned with Bollinger Band lower edge
- TP3: Extension target near 0.1529 (24h low zone)
