📉 Post-launch rejection — weak structure, downside continuation likely
Leverage: 3x – 5x ⚖️
Entry Point: 0.690 – 0.710 🔴
Selling Point:
• TP1: 0.660 – 0.670 🎯
• TP2: 0.620 – 0.600 📉
• TP3: 0.550+ 💀
Stop Loss: 0.740 🚫
⸻
💡 Explanation:
Clear launch pump → rejection → downtrend structure — bearish continuation in play 📊
Price is forming lower highs with no strong bounce, while selling pressure remains active after the dump. The current consolidation looks like a pause before further downside, not accumulation.
Weak recovery + sustained red volume suggests continuation toward 0.62 and below if support breaks.
⚠️ If price reclaims 0.740+ with strong volume, bearish setup invalidates.
🔥 Bias: Bears in control — momentum fading, downside continuation favored.
EDGEUSDT
Perp
0.6343
+14.18%