$EDEN USDC BEARISH MOMENTUM BUILDING BELOW KEY TREND RESISTANCE
Price action is pressing near the lower boundary of the recent range after failing to sustain movement near the upper volatility band. Repeated rejections from higher levels combined with weakening structure on intraday timeframes suggest sellers are maintaining control. Trend indicators show price trading under dynamic resistance, while volatility expansion to the downside hints at continuation rather than reversal.
The broader structure reflects a distribution phase after a failed push toward the recent high. Lower highs and pressure near support increase the probability of a breakdown move if buyers fail to defend the current demand zone.
Trade Setup: SHORT
Entry Zone: 0.0358 – 0.0368
Stop Loss: 0.0398
Targets:
TP1: 0.0338
TP2: 0.0320
TP3: 0.0295
A break and hold below the recent support floor can accelerate momentum toward deeper liquidity pockets where buyers may attempt a reaction.
Risk Management:
Risk only 1–2% of total capital on this setup. Consider partial profit booking at each target and move stop to breakeven after TP1 to protect capital in case of a sharp bounce.
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