EDEN is primed for a short, with market structure breaking down in a significant way. Price is currently sitting on a critical zone that's ripe for a reversal.
━━━━━━━━━━━━━━━━━━━━━
🔴 EDEN SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.048262 – $0.048358
🛑 Stop Loss: $0.049759 (-3.0%)
🎯 TP1: $0.047585 (+1.5%)
🏆 TP2: $0.045894 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal fired as we broke market structure, and volume is confirming the direction with CVD, while FVG and OB are overlapping to create a strong POI confluence - all pointing to a high-probability short setup. This zone matters because it represents a key area of previous support, now turned resistance. With these signals aligning, the structure looks decidedly bearish.
A 3.0% stop loss is relatively tight, suggesting a lower leverage setup to manage risk effectively.
Taking partial profit at TP1 makes sense to lock in some gains, given the R/R ratio of 1:1.7, allowing for a more aggressive approach on the remaining position.
Not financial advice — always manage your own risk 🙏
#EDENUSDT $EDEN #SMC #Write2Earn #Binance