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【$EDEN Signal】Waiting for a callback to add: Expectation of funds replenishment after the 1H death cross release
$EDEN RSI 1H death cross confirmed, 4H MACD histogram contracting. Buy depth ratio is 0.70, with the sell orders on the side significantly thicker than buy orders. After this rally, high-level support appears somewhat hesitant. Place orders around 0.11757 during the pullback, waiting for a short-term buy opportunity after selling pressure dissipates.
🎯Direction: Long (Place order)
⚡Entry/Order: 0.11757
🛑Stop loss: 0.06358
🚀Target 1: 0.12594
🚀Target 2: 0.14673
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Depth logic: The 4H Bollinger upper band at 0.1282 has not yet been broken, with the 1H Bollinger middle band at 0.1081 providing the lower boundary of the range. Funding rate is only 0.005%, with no short squeeze pressure. The current risk-reward ratio depends on the depth of the pullback, but market sentiment remains decent. Placing orders and waiting is a prudent way to lay low.
View real-time market 👇 $EDEN
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