**$EDGE Setup – Bears Taking Control 📉**
$EDGE just showed a classic rejection after a sharp spike, and that move says a lot. Price tapped a strong resistance zone near 0.70 and got pushed back aggressively, signaling that sellers are stepping in with confidence. Since then, the structure has started to weaken, with lower highs forming and momentum gradually shifting to the downside.
This kind of price action often leads to continuation, especially when the market fails to hold key levels. A clean move below 0.61 could accelerate the drop as selling pressure builds further.
📍 **Trade Plan:**
Entry: 0.61 – 0.63
Stop Loss: 0.68
🎯 **Targets:**
TP1: 0.58
TP2: 0.54
TP3: 0.50
The rejection from resistance combined with consecutive red candles highlights growing bearish strength. If the breakdown confirms, this could turn into a solid downside move.
Stay disciplined and trade with the trend. 🔥
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