š $EDGE Under Pressure: Rejection or Retest?
EDGE / USDT - SHORT (Local Pullback)
šÆ Trade Plan:
Entry Zone: $0.7650 - $0.7850 (Wait for rejection near MA 7)
TP 1: $0.7200 (MA 25 Support)
TP 2: $0.6850
TP 3: $0.6550 (Recent Swing Low)
Stop Loss (SL): $0.8550 (Above 24h High)
š§ Why this setup?
Sharp Rejection: EDGE hit a 24h high of $0.8423 but faced an immediate and aggressive rejection. The current red candles show that sellers are stepping in heavily.
MA Breakdown: Price has just slipped below the MA(7) on the 1H chart. This often indicates a short-term trend shift from bullish to corrective.
Support Target: The next major logical target is the MA(25) at $0.7204. If this level fails to hold, we could see a full round-trip back to the $0.65 area.
Exhaustion Volume: The massive green volume spike at the top was met with even faster selling, suggesting a "blow-off top" pattern.
š¬ Debate:
EDGE pumped +8.12% but is now bleeding. Do you think the MA(25) at $0.72 will act as a launchpad for a second pump, or is the party over for today? Iām looking for a deeper correctionāwhat's your take? š
š Click here to Trade
#EDGE #CryptoTrading #dailyearnings #BinanceSquare #ShortSignal