๐ดย $EDEN ย | SHORT SETUP
๐ฏ Trade Plan:
Entry: 0.043944 โ 0.044214
TP: 0.043104 - 0.042455 - 0.041480
SL: 0.045378
๐ Technical Analysis:
Price is consolidating at resistance 0.044079 with minimal volatility (ATR 1h: 0.001442), creating a compressed setup ready for directional breakdown. The 4-hour trend confirms bearish structure with 53% confluence, while daily timeframe shows consistent downtrend continuation. RSI on 15m reads weak at 44.83, signaling momentum exhaustion near current levels.
Invalid zone sits just above at 0.045150โa tight stop that invalidates the short thesis if breached. Once that level holds, the path to TP1 (0.043104) represents the lowest-resistance target, with secondary liquidity zones at TP2 and TP3 offering risk management exits.
Entry midpoint: 0.044079 | TP1 distance: โ2.21% | SL distance: +3.0% | R/R: 0.74
Tradeย $EDEN ย now by clicking the chart below ๐
