$EDEN
/USDT BULLISH BREAKOUT SETUP – MOMENTUM IN FAVOR OF BUYERS
$EDEN/USDT is showing strong bullish intent after a sharp impulsive move followed by healthy consolidation. The structure suggests accumulation above key demand, indicating that buyers are preparing for the next leg upward. Volume expansion during the impulse confirms genuine strength, while the pullback remains corrective, not distributive.
Technically, the pair is holding above its short-term moving averages with higher highs and higher lows forming on the lower timeframes. This behavior aligns with a bullish continuation scenario, where price typically expands after compressing in a tight range.
Bullish Scenario (Continuation Play):
As long as price sustains above the key support zone, the probability favors upside expansion toward the next resistance clusters.
Targets (TP):
TP1: 0.0800
TP2: 0.0880
TP3: 0.0950
Stop Loss (SL):
Below 0.0640 (structure invalidation level)
Risk Management:
Risk only a small portion of capital per trade, maintain a minimum 1:2 risk-to-reward ratio, and trail stop loss as targets are approached to protect profits.
