$EDEN
EDEN /USDT Setting Up Bullish Trades
$EDEN /USDT has shown explosive bullish momentum with a sharp increase in trading volume and price movement, indicating the potential for a strong continuation of the upward trend. The recent breakout above the major resistance confirms renewed buying interest from market participants.
Technical Analysis:
The price has broken out of its consolidation area with a strong bullish candle, indicating strong momentum.
Increased trading volume supports the strength of this breakout, confirming the trend direction.
The main support has now moved higher, providing a strong base for long entries.
Indicators suggest continued bullish momentum as long as the price remains above the new support.
Entry: Long position upon retesting the breakout area again.
Targets (TP):
TP1: 0.55
TP2: 0.70
TP3: 0.85
Stop Loss (SL): Below 0.28 to protect against invalidation.
Risk Management: Allocate only 2-3% of the portfolio for each trade. Move the stop loss once TP1 is achieved to secure profits and reduce risk.
#EDUUSDT EN #BullishMomentum Setup#TechnicalAnalysis_Tickeron alAnalysis trade buy
