🔻 $EDGE remains decisively bearish on the 1H chart.
Price is making a clean sequence of lower highs and lower lows, falling from roughly 0.415 to 0.362. There’s no convincing reversal structure yet, so I wouldn’t try to catch the bottom just because it looks cheap.
📍 Short/rejection zone: 0.365–0.370
🎯 Target 1: 0.3595
🎯 Target 2: 0.3550
🎯 Target 3: 0.3500
🛑 Invalidation: above 0.373–0.375
For a long, I’d wait for EDGE to reclaim roughly 0.370–0.375 and establish a higher low. Until then, the trend still favors sellers.
Price is making a clean sequence of lower highs and lower lows, falling from roughly 0.415 to 0.362. There’s no convincing reversal structure yet, so I wouldn’t try to catch the bottom just because it looks cheap.
📍 Short/rejection zone: 0.365–0.370
🎯 Target 1: 0.3595
🎯 Target 2: 0.3550
🎯 Target 3: 0.3500
🛑 Invalidation: above 0.373–0.375
For a long, I’d wait for EDGE to reclaim roughly 0.370–0.375 and establish a higher low. Until then, the trend still favors sellers.