$EDEN 🟢
Long
Entry: $0.04650 to $0.04950
(we're patiently waiting for a healthy technical pullback closer to the quick support line MA7 yellow at $0.04820 or the MA99 purple at $0.04911)
SL: $0.04300
(placed just below the MA25 pink at $0.04504 to cut short if the price retraces completely)
TP1: $0.05349
(short-term target, current price level that will act as the first local resistance)
TP2: $0.05691
(zone of the last local peak touched at the top of the vertical push)
TP3: $0.06300
(major objective, extension of the bullish breakout structure)
Why this trade?
The 1h chart shows an explosive bullish impulse of +27.57%.
The price has broken out of its compression zone, crossing the MA25 pink and MA99 purple in one go with large buyer volumes (notably the big green column at the bottom).
The MACD confirms this strong momentum with increasing green histograms and a net positive value at 0.00110.
However, the current rise is ultra-vertical:
the RSI(6) is overheating heavily at 90.53 and the Stochastic RSI is capped at 100.00.
Buying directly at the current price of $0.05349 carries a high risk of immediate correction (rejection wick already visible below $0.05691).
The sniper strategy is to wait for a healthy breathing space towards the MA99 / MA7 zone (between $0.04820 and $0.04911) to enter with an optimal risk/reward ratio.
Manage your risks:
The asset has a 24h volume of 26.38 million USDT, which is sufficient for good liquidity, but the highly volatile nature of this candle requires strict leverage management on Futures.
Only risk a small percentage of your capital and always protect your positions with a Stop-Loss (SL).
This is not financial advice.
Always do your own research (DYOR) before positioning yourself.
Long
Entry: $0.04650 to $0.04950
(we're patiently waiting for a healthy technical pullback closer to the quick support line MA7 yellow at $0.04820 or the MA99 purple at $0.04911)
SL: $0.04300
(placed just below the MA25 pink at $0.04504 to cut short if the price retraces completely)
TP1: $0.05349
(short-term target, current price level that will act as the first local resistance)
TP2: $0.05691
(zone of the last local peak touched at the top of the vertical push)
TP3: $0.06300
(major objective, extension of the bullish breakout structure)
Why this trade?
The 1h chart shows an explosive bullish impulse of +27.57%.
The price has broken out of its compression zone, crossing the MA25 pink and MA99 purple in one go with large buyer volumes (notably the big green column at the bottom).
The MACD confirms this strong momentum with increasing green histograms and a net positive value at 0.00110.
However, the current rise is ultra-vertical:
the RSI(6) is overheating heavily at 90.53 and the Stochastic RSI is capped at 100.00.
Buying directly at the current price of $0.05349 carries a high risk of immediate correction (rejection wick already visible below $0.05691).
The sniper strategy is to wait for a healthy breathing space towards the MA99 / MA7 zone (between $0.04820 and $0.04911) to enter with an optimal risk/reward ratio.
Manage your risks:
The asset has a 24h volume of 26.38 million USDT, which is sufficient for good liquidity, but the highly volatile nature of this candle requires strict leverage management on Futures.
Only risk a small percentage of your capital and always protect your positions with a Stop-Loss (SL).
This is not financial advice.
Always do your own research (DYOR) before positioning yourself.