Trading Plan Short $EDGE
$EDGE pumped into 0.43 and got rejected, clear distribution wick.
Entry: $0.4200-$0.4320
Stoploss: $0.4450
Targets: $0.3950 / $0.3700 / $0.3450
EDGE pushed 18% today, now stuffed into 0.43 resistance. RSI is cooked at 74.5, BB width contracting on 1H. Funding rising fast, longs paying up, top traders crowded at 1.7. This is a perfect fade setup into daily bearish trend. Reclaim $0.445, short voided.
Trade $EDGE here 👇
$EDGE pumped into 0.43 and got rejected, clear distribution wick.
Entry: $0.4200-$0.4320
Stoploss: $0.4450
Targets: $0.3950 / $0.3700 / $0.3450
EDGE pushed 18% today, now stuffed into 0.43 resistance. RSI is cooked at 74.5, BB width contracting on 1H. Funding rising fast, longs paying up, top traders crowded at 1.7. This is a perfect fade setup into daily bearish trend. Reclaim $0.445, short voided.
Trade $EDGE here 👇