technicalanalysisnalysis

EDENUSDT has shown a massive parabolic rally recently, but the charts are now signaling a strong exhaustion from the buyers. It looks like the perfect time to look for short setups as a healthy correction is highly likely.
​Here is a breakdown of the technical analysis across multiple timeframes:
​🔍 Technical Breakdown
​1️⃣ Extreme Overbought Condition (1D & 4H Charts)
​On the Daily (1D) and 4-Hour (4H) charts, the RSI (6) reached an extreme overbought level of 97.17.
​An RSI reading this high is highly unsustainable and usually precedes a sharp downside correction as early investors start taking profits.
​2️⃣ Strong Resistance Rejection at $0.17478
​The price aggressively pumped to a 24h high of $0.17478 but faced heavy rejection, leaving a massive upper wick (shadow) on the 4H and 1D candles.
​This shows that sellers have actively entered the market at the top, pushing the price back down significantly.
​3️⃣ Short-Term Bearish Breakdown (1H & 15M Charts)
​1-Hour Chart: The price has broken down below the MA(7) (Yellow line) and is currently struggling to hold the MA(25) (Purple line) support around $0.1333.
​15-Minute Chart: We can clearly see a Lower High and Lower Low structure forming. The short-term trend has officially shifted to bearish, and the RSI has dropped down to 32, showing heavy selling momentum.
​🎯 Trading Strategy (Short Setup)
​Trade Direction: Short (Sell)
​Entry Range: Around current price ($0.1360 - $0.1380) or on a minor relief bounce toward $0.1420.
​Targets (Take Profit): * 🎯 Target 1: $0.1210 (Recent 1H support level)
​🎯 Target 2: $0.1120 (Major liquidity zone)
​🎯 Target 3: $0.0980 (To retest the 4H Moving Average support)
​Stop Loss (Risk Management): Above the recent minor swing high at $0.1520 or tighter above $0.1460 depending on your leverage.
​
​Let's capitalize on this correction and stack some good gains! 💰📉
​#EDENUSDT #TechnicalAnalysisnalysis #WriteToEarn
$EDEN
$GENIUS
$ALT

$PI šobrīd tirgojas ļoti šaurā diapazonā, kamēr tirgus gaida skaidrību ap Protokolu 23 migrāciju un mezglu jaunināšanas procesu. Neseni migrācijas termiņa pagarinājumi radīja nenoteiktību starp tirgotājiem, un cenu kustība skaidri parāda, ka pircēji joprojām ir piesardzīgi. Šobrīd tirgus vēlas pierādījumus par spēcīgu infrastruktūras stabilitāti, pirms iekļaut lielākas bullish cerības.
Tehniski, PI turpina turēties virs svarīgās $0.155 atbalsta zonas, kas darbojas kā galvenā īstermiņa pieprasījuma zona. Tomēr katrs mēģinājums virzīties uz $0.165 pretestību saskaras ar pārdošanas spiedienu, parādot, ka bulļiem joprojām nepieciešams spēcīgāks impulss, lai apstiprinātu izlaušanos. Līdz brīdim, kad cena noslēgsies virs pretestības ar apjomu, tirgotājiem jāpaliek pacietīgiem un jāizvairās no emocionālām ieejām.