๐จ Short Setup: $EDEN /USDT Facing Rejection? ๐
OpenEden ($EDEN ) has recently shown a sharp vertical rally, but selling pressure is building up at higher levels. If the bulls can't hold the momentum, we could see a quick short-term correction from here.
๐ Technical View
Current Price: ~$0.1210
24h High/Resistance: After touching $0.1386, the price is breaking down, indicating exhaustive volume in the market.
RSI Check: Rejection from overbought zones on higher timeframes.
๐ฏ Short Trade Levels
Entry Zone: $0.1210 โ $0.1250 (Or wait for breakdown confirmation)
Take Profit 1: $0.1050 ๐
Take Profit 2: $0.0920 ๐
Stop Loss (SL): $0.1390 (Strict daily close above resistance invalidates this setup)
Disclaimer: The crypto market is volatile, always use risk management and proper leverage!
#CryptoTrading #EDENUSDT #ShortSetupb #TechnicalAnalysis #BinanceSquare
OpenEden ($EDEN ) has recently shown a sharp vertical rally, but selling pressure is building up at higher levels. If the bulls can't hold the momentum, we could see a quick short-term correction from here.
๐ Technical View
Current Price: ~$0.1210
24h High/Resistance: After touching $0.1386, the price is breaking down, indicating exhaustive volume in the market.
RSI Check: Rejection from overbought zones on higher timeframes.
๐ฏ Short Trade Levels
Entry Zone: $0.1210 โ $0.1250 (Or wait for breakdown confirmation)
Take Profit 1: $0.1050 ๐
Take Profit 2: $0.0920 ๐
Stop Loss (SL): $0.1390 (Strict daily close above resistance invalidates this setup)
Disclaimer: The crypto market is volatile, always use risk management and proper leverage!
#CryptoTrading #EDENUSDT #ShortSetupb #TechnicalAnalysis #BinanceSquare