$EDGE is a bearish rejection setup.
The chart is trying to sell traders a bounce, but the bigger context is ugly: EDGE has Binance perp liquidity now, while recent updates still flag the April token unlock as a major supply-pressure catalyst.
That matters because the 4H chart is not reclaiming trend. Price rejected from the $1.44–$1.51 region, slid into $1.25, and the current bounce is stalling below the $1.317–$1.35 resistance band. On 15M, buyers reacted from $1.2555, but the move is already hesitating near the rejection zone.
Trade Plan:
Bias: Short
Entry: $1.295–$1.318
SL: $1.345
TP1: $1.270
TP2: $1.242
TP3: $1.205
If $EDGE loses $1.27 again, late dip-buyers become the liquidity unlock sellers were waiting for.