$EDGE Never touch it, a 17.38% crash in 24 hours—this isn't bottom fishing, it's taking a knife. Does the price of 0.3774 look cheap? The 24-hour trading volume is only 35.7 million USDT, the main players have long since withdrawn, leaving retail investors to fight among themselves. Even if you want to gamble on a rebound, the low point of 0.3681 can break at any time, and if it does, the next level is the abyss of 0.3. The support level from October last year now looks like a joke.

I watch the market for over ten hours every day, and I've seen this kind of smash many times: first pushing up to 0.4689 to trap people, then smashing down to harvest liquidity. Now hovering around 0.38 is just boiling a frog in warm water. Retail investors always think "it will rise after falling too much," but the EDGE weekly chart has been declining for six consecutive weeks, on-chain data shows large wallet outflows, no new funds entering, and the rebound is just a fake.
If you insist on risking it, I only have one conservative strategy: wait for the price to dip below 0.36, trading volume to shrink below 20 million USDT, then consider a small position for a long. Set stop-loss at 0.34, take profit at 0.42, and keep the position no more than 2% of total funds. If the conditions aren't met, hold your hands. Entering now is just giving market makers money.
I'm that guy who’s lost six figures trading on Gate and has learned to respect the market. Follow me, avoid pitfalls. For a coin like $EDGE, if you love gambling, go ahead—any losses aren’t my money anyway.