$EDEN /USDT – Bearish Reversal After Sharp Pump
Market Overview:
$EDEN/USDT experienced a strong impulsive pump from the 0.060–0.062 demand zone, followed by heavy rejection near 0.095 resistance. The long upper wick and immediate pullback indicate profit booking and a potential bearish reversal / correction phase after the overextended move.
Trade Setup (Short)
Entry Range:
0.083 – 0.086
Target 1:
0.078
Target 2:
0.072
Target 3:
0.065
Stop Loss (SL):
0.095
Technical Outlook
Vertical pump → unsustainable short-term move
Strong rejection from supply zone near 0.09–0.095
Long upper wick signals seller dominance
Price losing momentum after parabolic expansion
Likely retracement toward previous consolidation area
Short Outlook
As long as price remains below 0.09, bearish pressure is expected to continue. A confirmed breakdown below 0.08 can accelerate downside toward 0.072–0.065.
Bullish continuation is only valid if price reclaims and holds above 0.095 with volume.
