Post
$EDEN
EDEN is booming strongly with a long green candle, breaking the entire previous accumulation zone and crossing all important MA lines. The price has almost doubled compared to the 24-hour bottom (0.07652), showing a very strong increase.
Positive technical factors:
• The price is above MA5 (0.11866), MA10 (0.10609) and MA20 (0.09357) - all of which are up.
• Clear breakout of the resistance area of 0.10 - 0.11 with a sharp increase in volume (VOL EDEN: 24,49M).
• Momentum still has room when the price has not reached the 24-hour high of 0.12934.
Recommendation: Buy now or pull back to the area of 0.112 - 0.115.
Short-term target: 0.135 – 0.15
Stop loss: 0.108 (below MA5)
EDEN is in a strong uptrend. With the current momentum and supporting volume, the probability of continuing to increase is high in the next 24-48 hours. Investors should take advantage of this momentum but strictly manage risk.
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