$EDEN $EDEN 4h Update
- With the current bearish momentum and most indicators still pointing down, I expect lower prices unless we see a strong reversal at or just below 0.03940. If price sweeps below the most recent swing low (0.0394) and quickly reclaims that level, a bullish setup may develop. Otherwise, I anticipate a move toward 0.03940 and possibly 0.03740.
- If you see manipulation below 0.0394 with bullish confirmation (such as a pin bar or lower timeframe double bottom), consider a long entry around 0.03950-0.04000, targeting first 0.04443, then 0.04596. Place the stop-loss below the swing low wick.
- If price bounces to 0.04596 or 0.05052 and fails with bearish confirmation (bearish engulfing, lower high, or liquidity sweep and reversal), consider a short entry around 0.04550-0.04600, targeting 0.04407 and then 0.03940. Place the stop-loss above the swing high.
- My bias will shift bullish only with a strong reclamation and hold above 0.05052 with increasing bullish volume and momentum.
📊 Turn charts into clear trade insights.
Try Finora AI free → tinyurl.com/FinoraBot
#EDEN