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Hxlaw
Hxlaw
$EDEN EDENUSDT is giving a strong breakout signal on the 1H frame when the price increases more than 15% and continuously creates new peaks. The uptrend is confirmed when MA5 > MA10 > MA20, indicating that the buying force is completely controlling the market. The steady increase in trading volume in recent green candles is a sign of strong cash flow. After surpassing the 0.0420 area, the price is now heading towards short-term resistance around 0.0460 - 0.0480. If the breakout is successful, EDEN can continue to expand the increase in the short term. The reasonable strategy is to wait for the retest price in the area of 0.0430 - 0.0440 to buy safely. Stoploss below 0.0410 for risk management. In case FOMO pushes the price up sharply immediately, it is necessary to limit chasing orders in high areas. Currently, the trend is still bullish, suitable for short-term surfing strategies with an uptrend.

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