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Recently, during this copycat season, there have been quite a few coins experiencing sharp surges, but overall the betting difficulty remains quite high. I still prefer to play coins that have logical basis for judgment, with stronger regularity.
Currently, the K-line trend of edgeX still appears relatively standard, with no particularly extreme rallies or drops. In the past two days, along with the positive news of the staking mechanism announcement and the buyback (over 10 million tokens), the price has reached a new all-time high, making it one of the more volatile tokens.
I personally do not hold any position for now. Once it breaks through, I will exit completely. At this new high, I might try a short-term short to test the top; if it breaks the new high, I will stop loss. Alternatively, wait for a double top false breakout to try, and if there’s a strong pullback on a retest, consider chasing long. This coin’s regularity is quite good, and the rhythm is relatively slow.