$EDGE /USDT: Bullish Expansion Ignited! 📈🚀
EDGE / USDT - LONG
Trade Plan:
Entry Range: $0.7150 – $0.7310
Stop Loss (SL): $0.6850 (Below recent 1H support)
TP1: $0.7600
TP2: $0.7950
TP3: $0.8400+ (Price Discovery)
Why this setup?
Bullish Momentum: EDGE is showing strong relative strength, gaining +4.30% and currently trading at $0.7309.
Moving Average Support: On the 1H chart, the price is trending beautifully above the MA(7) ($0.7102) and MA(25) ($0.7063). This alignment provides a solid floor for the next leg up.
Trend Confirmation: After a local correction to $0.6165, the price has successfully made a series of higher highs and higher lows, confirming a sustained uptrend.
Volume Strength: Steady buying volume is evident on the 1H timeframe, suggesting that market participants are accumulating at these levels.
Resistance Test: The price is now aggressively challenging the recent local peak of $0.7525. A clean breakout here could lead to a rapid move toward $0.80.
Debate: EDGE has recovered over 18% from its local bottom. Do you think it has enough fuel to smash through the $0.75 resistance on the first attempt, or are we due for a brief consolidation first? Share your technical reasoning below! 👇
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$EDGE
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