$EDEN /USDT — Bears Still in Control?
That 95% short bias on isn't being ignored.
📉 Trade Setup (Short) 🔹 Entry: 0.0410 – 0.0415
🛑 SL: 0.0420
🎯 TP1: 0.0405
🎯 TP2: 0.0402
🎯 TP3: 0.0400
Why traders are watching this level: • RSI on the 15m chart is near oversold territory.
• Despite that, the higher-timeframe trend remains bearish.
• The 4H structure still favors sellers, while the 1D trend hasn't shown a convincing reversal.
• A relief bounce could simply provide liquidity before another move lower.
🤔 The key question: Is the move back toward 0.041 a genuine reversal starting to form, or just a temporary bounce before another test of 0.040?
As always, manage risk and wait for confirmation rather than chasing price.
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