The chart shows a medium/long-term downtrend since the peak marked at 0.0497, with a gradual decline to the support level of 0.0257. After a period of sideways consolidation with low volume, the price initiated a strong recovery movement, with green candles and clear volume peaks, breaking through the short-term averages (MA7 and MA25) upwards.
Current situation (price 0.0343):
- Strong increase of +5.86% on the day, closing near the 24h maximum (0.0357).
- Price is above the MA7 (0.0320) and MA25 (0.0312) → clear bullish signal in the short term.
- Still well below MA99 (0.0408) → medium-term trend still bearish, but short-term momentum has turned positive.
- 24h volume is good (47 million EDEN), with peaks in recent green candles, indicating entry of buyers with conviction.
- The current candle shows buying strength and closed above the fast averages.
Trend in the next 24 hours: UP (continuation of buying momentum)
- The price broke through short-term resistances with volume and closed positively, which gives bullish strength in the very short term.
- As long as it remains above 0.0319 (minimum 24h) and the short-term MAs, the 24h trend is up.
- Possible continuation to 0.0357 or even MA99 (0.0408) if the volume holds.
- Bearish scenario only if it loses 0.0319 with strong volume (unlikely at the moment).
Recommended ENTRY and EXIT moment (clear strategy):
LONG setup (purchase) – main and favorable (scalping or short swing):
- Entry: Now or on any pullback that holds the zone 0.0319–0.0343 (current support of short MAs). Confirm with a green candle + increasing volume.
- Stop Loss: 0.0257 (previous support) – risk of ~25%.
- Take Profit 1: 0.0357 (maximum 24h) → +4.1%.
- Take Profit 2: 0.0408 (MA99) → +19%.
- R:R: excellent (1:3 or better on target 2).
SHORT setup (sale) – only for aggressive scalping:
- Entry: Confirmed breakout below 0.0319 with volume.
- Stop Loss: 0.0343–0.0357.
- Take Profit: 0.0257 or 0.0312 (MA25).
Quick summary for you to operate now:
- Dominant trend: Medium-term downtrend (still below MA99), but strong short-term uptrend (+5.86% with volume).
- 24h: UP (clear buying momentum).
- Best setup at the moment: Long in the current zone or on pullback to the short MAs. The asset showed strength today and may continue to recover. Volume is supporting the movement — good short-term opportunity.
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