$EDEN Long Liquidations Reveal Weakness in the Current Structure 📉⚠️

$EDEN is showing signs of exhaustion after recent volatility, with long liquidations exposing cracks in the market structure. The inability to sustain higher levels suggests sellers may be gaining control, creating a potential short opportunity if resistance continues to hold.

📍 Trade Setup: Short

🎯 Entry Zone: 0.0440 – 0.0448

🎯 TP1: 0.0425

🎯 TP2: 0.0410

🎯 TP3: 0.0390

🛑 Stop Loss: 0.0460

The key bearish thesis here is that recent upside attempts have failed to establish a stronger trend, while liquidation events have weakened buyer confidence. If price remains below resistance and selling pressure persists, a move toward the lower targets becomes increasingly likely.

Traders should watch for rejection signals within the entry zone and monitor volume for confirmation of continued downside momentum.

As always, risk management comes first. A break above the stop-loss level would invalidate the short setup and suggest buyers are regaining control.

EDENUSDT

Perp

0.04306

-9.7%

$EDEN bears have the edge for now, but the reaction around resistance will determine the next major move.