Short idea on $EDGE : back at 4H resistance, 0.3405–0.3423.
No need to guess. Sellers show up here or they don't. I want to see the reaction before anything else.
Why it's on my radar:
- 4H price 0.341 above EMA50 0.328: this is a fade against the trend, so the stop matters
- Risk 3.1% to SL vs 5.0% to TP3: about 1.6R if the full move plays out
- Daily below EMA200 0.608: the bigger trend is on this side
🔴 SHORT · Entry 0.3405–0.3423 · TP 0.3351 / 0.3308 / 0.3245 · SL 0.3520
Do sellers hold 0.342, or does it give way?
NFA · DYOR
No need to guess. Sellers show up here or they don't. I want to see the reaction before anything else.
Why it's on my radar:
- 4H price 0.341 above EMA50 0.328: this is a fade against the trend, so the stop matters
- Risk 3.1% to SL vs 5.0% to TP3: about 1.6R if the full move plays out
- Daily below EMA200 0.608: the bigger trend is on this side
🔴 SHORT · Entry 0.3405–0.3423 · TP 0.3351 / 0.3308 / 0.3245 · SL 0.3520
Do sellers hold 0.342, or does it give way?
NFA · DYOR
