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【$EDGE Signal】Long continuation, dip to go long
$EDGE 1H level RSI soared to 80.4, 4-hour level even surged to 85.6, momentum is extremely vigorous. Price has broken out of the upper Bollinger Band, initial signs of a buy-side gap. But open interest remains stable, funding rate is only 0.0225%, indicating that bears are not gathering on a large scale, and the main force is clearly defending the market. Selling pressure above is as heavy as Mount Tai, chasing high directly increases risk.
🎯Direction: Go long ( pullback pending order )
⚡Entry/Pending order: 0.866 - 0.889 zone, staggered entries
🛑Stop loss: 0.793
🚀Target 1: 1.271
🚀Target 2: 1.462
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect principal.
4-hour MACD histogram continues to expand, bullish trend intact. Market shows thick buy orders around 1.095, with clear support from funds. Current risk-reward ratio exceeds 4, and liquidity usually dries up in the early hours of the weekend, making price prone to quick pullbacks to the moving averages, which is exactly the entry opportunity we need. Stable open interest indicates this is not purely retail FOMO; there are funds backing the move.
View real-time market 👇 $EDGE
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