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【$EDEN Signal】Pullback after a rebound | Waiting for a dip in oversold conditions
$EDEN RSI 4H 82.88, selling pressure depth ratio 58%, price closely following the upper Bollinger Band. The 4H MACD is still expanding, but the 1H buying ratio is only 0.52, indicating marginal weakening of capital push. The current risk-reward ratio is poor, with target 1 very close, but there is still room for target 2.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 0.16555
🛑Stop loss: 0.08000
🚀Target 1: 0.16585
🚀Target 2: 0.19447
🛡️Trade management: Reduce position by 50% after reaching target 1, move stop loss to break-even; if the price falls below the entry point, automatically exit.
View real-time market 👇 $EDEN
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