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This short position finally moved out. The $EDEN high-level pressure wasn’t something that only showed up today—the real key is that the pullback from above has been getting weaker and weaker. Every time the price pushes up, nobody steps in to take it.
At the time, I was watching the reaction around 0.05794. If it kept failing after that point while volume continued to increase, it would be very easy for the shorts’ momentum to take control. Later, the chart gave the answer—the current price is already at 0.04234. This short is up +529.79%, and the market’s room to move has been released very decisively.
A lot of people were still waiting for the rebound to continue, but things here are already off. The rally doesn’t have staying power, while the pullback keeps getting smoother. Put simply, the rhythm has changed—those chasing longs are put into a passive position, but those shorting with the trend actually feel more comfortable.
Brothers who have positions: you can handle 80/20 in batches—take care of part of it first, and keep the rest with a protective level to continue watching for further extension. Don’t let too much of the profit you already have get given back. If you didn’t get in, don’t chase lower—wait for the next pullback to enter at a more comfortable level.
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