$EDGEX


Hourly MACD momentum has sharply contracted, with the fast line maintaining a bullish trend; 4H RSI at 87 is overbought, price touches the Bollinger upper band at 0.4065. Funding rate is low, positions are stable with no massive selling. Sell side order book is slightly thick, support at 0.4028 absorbs without dispersing. Current price 0.4028, whether it can break above the upper band is the watershed; a 1H close above 0.405 would accelerate bullish momentum.

EDGE: Long at 0.4000 - 0.4020, Target: 0.4330-0.4480
EDGEX27.31%
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Half-UnderstoodZk
· 7m ago
0.4028 has held up, the upper Bollinger Band at 0.4065 is a key level. Breaking through means acceleration, if not, it will continue to grind.
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GateUser-53a6e1a8
· 1h ago
Where should the stop loss for this order be placed? Below 0.4000 or 0.3980? The target of 0.4330 is a bit far, is it okay to first see 0.41?
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PocketValidator
· 1h ago
RSI87 is indeed hot, but the funding rate hasn't exploded, indicating that the bulls aren't crazy yet. Wait for the 1H candle close to confirm.
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