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$EDEN 19% increase behind all the tricks, if you chase at 0.0527, tomorrow the whole station will be on standby.
The turnover rate suddenly spiked in the early morning, with the previous high of 0.0544 forming a double top resistance.
On-chain data shows that the main force's selling volume is 2.3 times the buying volume, and 63% of the 0.0527 trading volume is fake orders created by retail investors.
I've seen this situation too many times: first pushing up to create a false breakout, then smashing the buy-in to harvest.
Here are three key price levels for you: 0.0500 is the lifeline, must run if broken; 0.0475 is a strong support, you can buy if it drops here;
Take profit at 0.0555, don't expect to break above the previous high.
Position control at a ratio of 1U profit to 100U, small positions for speculation, leave enough bullets.
24-hour trading volume of 190 million looks intimidating, but when broken down, the average per trade is less than 500U, mostly retail investors fighting each other.
The main force's control is extremely high, now rushing in is like swimming in a crocodile pond.
Data doesn't lie; the bid-ask spread accompanying the rise expanded from 0.0001 to 0.0007, liquidity is rapidly deteriorating.
I'm going to sleep now at this price level, if it can stay above 0.052 before 3 a.m., I’ll buy a small position of 0.1.
If it drops below 0.05, just delete the watchlist directly.
Next week is the real opportunity, don’t waste bullets on false breakouts.
No extra operations unless planned.