🚀 LONG SETUP on $EDEN
$EDEN just exploded with a powerful +24.05% move and is consolidating near the highs after hitting 0.0719.
The chart shows a strong impulsive rally with multiple green legs, followed by a healthy pullback and current stabilization right at the recent highs.
Price is currently at $0.0650, trading around MA7 (0.0665) and MA25 (0.0655) while sitting well above MA99 (0.0543). This confirms the broader bullish structure remains dominant.
Zones to watch
Immediate resistance sits at 0.0706 – 0.0719 (24h high and peak).
Key support lies between 0.0655 and 0.0620 aligned with MA25 and previous swing.
Momentum
Strong volume accompanied the upside legs, showing genuine buying pressure. Holding near the highs after such a powerful move is constructive.
Scenarios
Long case (Main Setup): Hold above 0.0655 and break 0.0706.
Take Profit 1: 0.0740
Take Profit 2: 0.0780 – 0.0820
Short case: Losing 0.0620 would weaken the short-term structure.
Overall $EDEN has delivered one of the strongest performances recently and remains in a clear uptrend above its major moving averages. This post-surge consolidation near the highs is building pressure for another possible expansion move.
Bias: LONG (Favors continuation on break of 0.0706)
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