$EDEN is currently trading around 0.0580 USDT, showing clear weakness with a ~9% drop in the last 24 hours. After a failed push toward the 0.0600–0.0640 zone, price got rejected hard and is now moving below short-term structure. On the 1H timeframe, consecutive bearish candles and weak recovery attempts suggest sellers are still in control. Volume is fading on bounces, which usually signals distribution rather than accumulation.

If EDEN fails to reclaim the 0.0590–0.0600 resistance with strong volume, downside continuation looks more likely. The market structure favors a pullback toward lower demand zones before any meaningful reversal.

Trade Setup (Short-biased)

• Entry Zone: 0.0588 – 0.0595

• Target 1: 0.0570

• Target 2: 0.0556

• Target 3: 0.0535

• Stop Loss: 0.0605

A clean break and hold above 0.0605 with rising volume would invalidate the bearish setup and could flip momentum back to the upside. Until then, risk remains skewed toward further downside. Trade carefully and manage risk.

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EDEN

0.0571

-3.71%