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This drop didn’t come out of nowhere— the real signals were already hidden in the pressure at the highs. $EDEN finally stepped out this time, and the short positions were given a clear, straightforward explanation.
Earlier, we already noticed sell pressure around 0.05794. Every time the price tried to push up, it struggled, but the pullback speed kept getting faster. A lot of people back then thought it was just a sweep, but the key is right here: a strong market won’t repeatedly give you such a weak bounce.
Now the price is pushed down to 0.0434, and the open position profit shows +493.43%, with the move clearly extending. At this point, I won’t keep treating myself like someone who just opened a position. The profit is already there— the mindset needs to shift from offense to defense.
If you have positions, you can consider handling it with an 80/20 approach: take profit in stages first, keep only a small portion to follow the trend, and set your protection level. The smoother it falls, the less you should get carried away, because bounces often target those greedy positions.
If you didn’t catch it, don’t feel bad. Don’t chase shorts in a sharp selloff, don’t chase longs on a rebound— wait for a more comfortable level before moving.
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