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【$EDGE Signal】Pullback to buy, main force clearly intends to support the market
$EDGE 1H level surge and pullback, price oscillates around 1.047. Although the 4-hour MACD bullish momentum is shrinking, the price remains well within the upper half of the Bollinger Bands, and the overall trend is not bad. The 1-hour RSI has fallen from a high level to 56, with buy volume in the 1.042-1.044 range exceptionally strong, far exceeding sell volume, fully exposing the capital support intention. Open interest remains stable, with no panic selling during price correction, indicating clear main force support characteristics.
🎯Direction: Long
⚡Entry/Orders: Buildup in the 0.994 - 1.019 range in batches
🛑Stop loss: 0.901
🚀Target 1: 1.492
🚀Target 2: 1.729
🛡️Trading management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Current risk-reward ratio is close to 4:1, representing a high-value trading opportunity. The 1-hour EMA20 around 1.024 provides dynamic support, forming a double defense with dense buy orders below. Market sentiment is shifting from frenzy to calm turnover, often brewing the next wave of momentum. Funding rates remain neutral, with no signs of excessive enthusiasm, leaving room for healthy upward movement.
View real-time market 👇 $EDGE
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