$EDEN It’s up 15% in a day, and people in the group are already calling for a double. I’m watching the 0.0583 level, with one question on my mind: do I chase it or not?

Bullish case: First, 24h trading volume is 6.6M, backed by real money, not a pump out of thin air; second, it swung from a low of 0.0501 to a high of 0.0599, nearly 20%, in a fierce shakeout that cleared out most of the weak hands; third, it closed at 0.0583, near the high, so the bulls haven’t backed down and sentiment is still holding.
Bearish case: First, a 15% gain in a weak market makes it a target, and profit-takers could dump at any moment; second, it hasn’t broken the 24h high of 0.0599, leaving the risk of a double top; third, volume has surged this much but the price hasn’t made a new high, which looks a bit like momentum is stalling.
My plan: I won’t chase at the current price. I’ll scale in on a pullback to 0.054-0.055, with a stop at 0.0498 (I’ll admit I’m wrong if it breaks below the previous low). First target: 0.065. I’ll keep my position under 20%. If you’re chasing the top, think it through.
Which side are you on this time? Comment 1 if you think it’ll rise, 2 if you think it’ll crash. Follow me for real-time updates in the group whenever the market makes a move. #Gate广场中秋团圆局