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【$EDEN Signal】Negative funding rate short squeeze + 1H pullback to the upper limit of the range for long positions
$EDEN Funding rate -0.2585%, extremely crowded short positions. 4H Bollinger upper band at 0.0578, MACD histogram narrowing but still above zero. 1H MACD death cross, RSI 53, selling pressure not yet dissipated. Buy order depth 0.89, support weak but not broken.
🎯Direction: Long (Pending orders)
⚡Entry/Order: 0.05202
🛑Stop loss: 0.04199
🚀Target 1: 0.05232
🚀Target 2: 0.05253
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back to entry level, automatically exit to protect capital.
Depth logic: Persistent negative funding rate indicates extremely high short holding costs. Once the price stabilizes, short covering will trigger a rapid rebound. Current price near 4H EMA50, with dense orders below, low odds but a favorable win rate.
View real-time market 👇 $EDEN
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