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nfpweekpolicyrisk
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$EDGE /USDT is showing early signs of potentially bottoming out on the 4h chart after a heavy downtrend. It recently tapped a low around 0.2710 and is sitting with a modest 1.56% gain today, trading near 0.2915.
The price is attempting to stabilize, fighting right around the key short-term moving averages (MA5 and MA10), though it still needs to cleanly clear the MA20 at 0.2919 to confirm any local reversal momentum.
Trade Setup
* Entry Zone:Looking to accumulate on a retest of the local support zone around 0.2850 - 0.2750 if it consolidates cleanly.
* Targets:First minor target to watch on a relief bounce is 0.3200, with a major overhead resistance target further up at 0.3600.
* Stop Loss: A clean break below the recent bottom at 0.2700 invalidates this setup.
Let's see if the bulls can gather enough volume to establish a proper base here.
#StrategyDigitalCredit #AISectorDivergence $BTC $MUB #NFPWeekPolicyRisk
The price is attempting to stabilize, fighting right around the key short-term moving averages (MA5 and MA10), though it still needs to cleanly clear the MA20 at 0.2919 to confirm any local reversal momentum.
Trade Setup
* Entry Zone:Looking to accumulate on a retest of the local support zone around 0.2850 - 0.2750 if it consolidates cleanly.
* Targets:First minor target to watch on a relief bounce is 0.3200, with a major overhead resistance target further up at 0.3600.
* Stop Loss: A clean break below the recent bottom at 0.2700 invalidates this setup.
Let's see if the bulls can gather enough volume to establish a proper base here.
#StrategyDigitalCredit #AISectorDivergence $BTC $MUB #NFPWeekPolicyRisk
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