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【$EDGE】Short, Massive Rally Followed by Buying Exhaustion/Severe Depth Imbalance
$EDGE After a 77% spike in 4 hours, buying pressure has clearly weakened. The last 4-hour candle closed bearish, with buy/sell ratio dropping to 0.47—institutional buying interest retreating. Depth data shows sell walls (0.6153) significantly thicker than bids, with heavy resistance above. Current levels present more risk than reward for chasing rallies; patiently waiting for bounce exhaustion is the more prudent choice.
🎯 Direction: Short🛑 Stop Loss: 0.635⚡ Entry: 0.615 - 0.625🚀 Target: 0.575🛡️ Strategy: Scale in at resistance on bounces; consider adding to positions on breaks below prior lows.
View Live Chart 👇 $EDGE
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